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Prairiland ISD board approves investment training sources, reaffirms investment policy
Summary
The board approved a resolution listing independent sources of investment training as required by Chapter 2256.008 of the Public Funds Investment Act and reaffirmed the district's investment policy in accordance with Chapter 2256.005(b3). Both items were recorded as approved in the minutes.
Prairiland ISD's Board of Trustees on May 11 approved two investment-related resolutions required by state law. Item 13 approved a list of independent sources of investment training as required by Chapter 2256.008 of the Public Funds Investment Act; the minutes include the formal resolution language listing sources such as the Center for Public Management at UNT, the Government Treasurer's Organization of Texas, the Texas Association of School Business Officials, and the Texas Association of School Boards.
Item 14 recorded the board's annual review and reaffirmation of the district's investment policy (CDA Local) under Chapter 2256.005(b3) of the Government Code. The motion for Item 13 is recorded as "Motion by Bridges, Seconded by Blanton" with 'Action 6-0,' and the investment policy reaffirmation is recorded as carried '6-0.' The minutes include the resolved text beginning "WHEREAS, Chapter 2256.008 of the Public Funds Investment Act requires..." but do not include details about any changes to policy language or investment allocations.
