In accordance with the Texas Public Funds Investment Act, Texas Government Code, Chapter 2256, the governing body of an investing entity shall at least annually review, revise and adopt a list of qualified brokers that are authorized to engage in investment transactions with the entity.
A resolution and proposed list of qualified brokers are attached for the Board’s review. A red-line version of the qualified brokers list is also included to easily identify the changes from 2019 to 2020. Most of the revisions relate to name changes or bank mergers. The list includes financial institutions having a home office or local branch within the State of Texas and investment brokers/dealers that are known to accept deposits of or handle investment transactions involving public funds.