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Court appoints county treasurer as investment officer, adopts investment policy
Summary
The court adopted a resolution appointing the county treasurer as investment officer and approved an investment policy said to comply with the Public Funds Investment Act and referenced government code provisions.
Newton County Commissioners Court approved a resolution Feb. 10 appointing the county treasurer as the county’s investment officer and adopted a formal investment policy intended to comply with the Public Funds Investment Act.
The resolution presented by the presiding officer states that the county treasurer has "comprehensive knowledge" of the Public Funds Investment Act and that the investment policy aligns with the government-code requirements cited in the record. Speaker 1 read the resolution language and moved to appoint the treasurer as investment officer; the court approved the motion and then approved an order adopting the investment policy.
Speakers noted an advisory team that supports the treasurer’s work on investments (advisory members mentioned included the county auditor and others in the record). The court did not discuss detailed investment holdings in the meeting; one speaker referenced investment balances in passing. The motions carried by voice vote with no opposition recorded.
Next steps: The treasurer will continue operating under the adopted investment policy and will work with the advisory members referenced by staff.
