HomeMy WebLinkAbout02-12-15-2j - Resolution - 02/12/2015 RESOLUTION NO. 02-12-15-2i
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COLLEGE STATION,TEXAS,
AMENDING RESOLUTION 10-20-14-2e APPROVING THE CITY'S INVESTMENT POLICY,
BROKER/DEALER LIST AND INVESTMENT STRATEGY FOR FISCAL YEAR 2015 AND
AUTHORIZING ITS IMPLEMENTATION.
WHEREAS, the City Council approved resolution 10-20-14-2e approving the Investment Policy on
October 20, 2014;
WHEREAS, an amendment to the Investment Policy is proposed;
WHEREAS, THE city Council of the City of College Station has reviewed the revision to the
Investment Policy; now, therefore,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF COLLEGE STATION,
TEXAS:
PART 1: That the City Council hereby approves the amendment to the City's Investment Policy
for Fiscal Year 2015.
PART 2: That the amendment is to Section V. Suitable and Authorized Investments of the
Investment Policy adding the following language.
Authorized Investment, Municipal Utility
Acceptable investments under this policy shall be limited to the instruments as
described by the Government Code: Chapter 2256, Section 2256.0201 of the Public
Funds Investment Act. The City must comply with the regulations of the Commodity
Futures Trading Commission and the Securities and Exchange Commission. If there
is a conflict between the municipal charter of the municipality and chapter 2256,
Section 2256.0201, this chapter prevails.
PART 3: That this resolution shall take effect immediately from and after its passage.
ADOPTED this all- day of ,A.D. 2015.
ATTEST: APPROVED:
City Secretary Mayor
APPROVED:
ran.. 6-44/00-1
City Attorney