ASSET MANAGEMENT, LLC DESIGNATION OF AUTHORIZED REPRESENTATIVES INVESTMENT POLICY AND STRATEGY - REVISIONS AND UPDATES OF POLICY. Pg. 463 Memorandum dated July 19, 2024 from Manager, Cash and Capital Project Financing. (1) Explanation by Steven L. Roberts and Christine J. Epps. (2) Recommendation: Management recommends that the Board of Directors approve the following motion: Motion that the Board of Directors: (a) Adopt Resolution No. R-1665 authorizing the specified individuals to trade securities; (b) Authorize the General Manager to execute the two-year Agreement for Investment Advisory Services between the Trinity River Authority of Texas and Hilltop Securities Asset Management, LLC in the amount of $80,000 per year; and (c) Adopt Resolution No. R-1667, thereby approving the Investment Policy as presented.

Bastiat Liberty & Property Rights Analysis

This motion is scored as RESTRAINS_GOVERNMENT (Impact Weight: 4.3/10). Under the Bastiat Liberty Watchdog Index, voting YES on measures that cap or reduce ad valorem tax burdens, expand taxpayer exemptions, retire debt early, enforce competitive bidding caps, or remove regulatory/zoning barriers to private property rights earns a positive Pro-Liberty score.