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TMISD board adopts investment policy and authorized broker/dealer list required by state law
Summary
Trustees adopted the district investment policy and strategies as required by the Public Funds Investment Act and approved a list of authorized broker/dealers and investment training sources; Board President Paul Arriaga read the resolution before a unanimous vote.
The Tuloso-Midway ISD Board of Trustees on Jan. 27 adopted the district investment policy and investment strategies in compliance with the Public Funds Investment Act (Texas Government Code Chapter 2256).
Board President Paul Arriaga read the resolution adopting the policy. The minutes record the board's finding that no changes were made to the policy during the review and that the district had complied with the Act's annual review requirement. Trustee Rick Chapa moved approval; Trustee Kim Boone seconded and the board voted 6–0 to adopt the resolution.
Separately, the board approved a resolution adopting a list of authorized broker/dealers and independent investment-training sources for designated investment officers, consistent with the Act's training requirements (investment officers must receive eight hours of training every two fiscal years as noted in the minutes). Trustees Leo Gonzalez and Brian Boone moved and seconded approval of the broker/dealer list; that resolution also passed 6–0.
The minutes include a list of recommended training sources and broker/dealers (e.g., TASB, TASBO, University of North Texas Center for Public Management, SAMCO Capital Markets) but do not record any vote against or amendments. The record contains typographical errors in the printed resolution text in the minutes; the board certified adoption in the meeting record.
