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Petrolia CISD board adopts local investment policy and strategies
Summary
At the May 26 meeting the board approved the district’s Local District Investment Policy and Strategies in a unanimous vote of members present; the motion was moved by Zach Bennett and seconded by LeAnne Henderson.
The Petrolia CISD Board of Trustees voted on May 26 to adopt the district’s Local District Investment Policy and Strategies.
Trustee Zach Bennett moved to approve the policy and Trustee LeAnne Henderson seconded. The motion passed with a recorded tally of Yes: 6, No: 0, Absent: 1.
The meeting record includes the motion language: "I make a motion to approve the District Investment Policy and Strategies." The board did not include additional narrative in open session about changes in strategy or specific investment instruments; members handled the item as a discrete approval on the consent/regular agenda.
Further details about the policy language and any implementation steps are not included in the open session transcript and would appear in the full policy document or business manager reports.
