Board of Directors Regular Meeting Agenda


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Meeting Date: 12/05/2018  

SUBJECT MATTER:
Receive, consider and act upon Resolution No. 016-18 Adopting Investment Policies and Guidelines for The Woodlands Township;
FISCAL IMPACT:
Not applicable
BACKGROUND:
The Public Funds Investment Act (Government Code, Chapter 2256) requires The Woodlands Township to review its Investment Policies annually and approve a resolution adopting such policies.
 
The attached Resolution No. 016-18 Adopting Investment Polices and Guidelines for The Woodlands Township was prepared by Mr. Daniel Ringold, an attorney under contract with the Township who specializes in matters related to The Public Funds Investment Act.  The proposed policies and guidelines were also reviewed by the Township’s Investment Committee on November 26, 2018. 
 
The investment policies and guidelines are the same as those adopted in 2017 except for the revisions summarized on the attached memorandum dated November 26, 2018 from Schwartz, Page & Harding, L.L.P.  The revisions are simply to update certain section references to the Government Code due to the re-codification of those sections in the statutes.  
 
The Investment Committee recommends that the Board of Directors approve Resolution No. 016-18 Adopting Investment Policies and Guidelines for The Woodlands Township.
 
RECOMMENDATION:
Approve Resolution No. 016-18 Adopting Investment Policies and Guidelines for The Woodlands Township.
 
Attachments
Memo from Schwartz, Page & Harding Summarizing Revisions to Investment Policy
Resolution No. 016-18 Adopting Investment Policies and Guidelines


    

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