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Trustees adopt TASB investment policy with no changes
Summary
Administration recommended keeping the TASB model investment policy unchanged; trustees approved the recommendation by voice vote.
Administration recommended adopting the TASB model investment policy without local changes; trustees approved the recommendation as presented. The presenter said there have been no substantive policy changes year over year and recommended keeping the model policy in place.
Trustees asked clarifying questions about who serves as investment officer under district practice; staff noted that the legal designation can be the treasurer or CFO and that the district has historically designated one or more officers for that role. The board approved the policy by unanimous voice vote.
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