Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
TALCB staff outline investment approach and $2.6M operations reserve
Summary
Agency finance staff told the board their funds are held at the Texas Treasury Safekeeping Trust Company and described a laddered U.S. Treasury note strategy; the board discussed whether to retain or return roughly $2.6 million in reserves.
During the Nov. 13 workshop accounting staff reviewed the TALCB investment report and the agency's funds-management arrangements.
Staff explained the statutory requirement to deposit agency funds with the Texas Treasury Safekeeping Trust Company (TTSDC) and described the funds-management agreement and the agency's laddered approach to purchasing U.S. Treasury notes and maintaining short-term…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
