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Big Spring ISD board adopts annual investment policy under state law
Summary
Trustees reviewed the district's Annual Investment Report and adopted a resolution reaffirming the district's investment policy for fiscal year 2025–2026 in compliance with the Public Funds Investment Act, voting 6-0 to approve the report and resolution.
Trustees of the Big Spring Independent School District on Nov. 10 adopted the district's Annual Investment Report and a resolution affirming the district's investment policy for fiscal year 2025–2026, as required by the Public Funds Investment Act (Texas Government Code Chapter 2256).
Bert Otto moved to approve the Annual Investment Report and accompanying resolution; Julie Harris seconded and the motion carried 6-0. The board's action formalizes the review required by Section 2256.005(e) of the Public Funds Investment Act and records that no recommended changes were made for the coming fiscal year.
The resolution adopted by the board (included in the minutes) states the board reviewed the district's investment policy and adopted it for fiscal year 2025–2026. The vote followed the district's staff presentation and standard review process for district investments.
