Lockhart ISD board adopts investment policy resolution under Texas Government Code
Summary
The board adopted a resolution on Sept. 22, 2025 to adopt the district's investment policy (Exhibit A) pursuant to Chapter 2256 of the Texas Government Code, stating there were no changes from the prior policy.
The Lockhart Independent School District Board of Trustees on Sept. 22 adopted a resolution formally adopting the district's investment policy as set out in Exhibit A, citing Chapter 2256 of the Texas Government Code. The resolution says the policy is adopted "as the local investment policy for the District" and that the policy remained unchanged from the prior version.
The resolution lists the board's cash-management objectives — safety of funds, sufficient liquidity to meet daily cash flow, matching maturities to requirements and seeking market-average returns while avoiding speculation — and states the resolution is effective on the date of adoption, Sept. 22, 2025.
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