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>0. . . ... '. " lFomrn ][]I ~ll1lt(9Ir~CCSl~ ~ll1lvestmell'Dt Agll'eemell1lt THIS INTERLOCALINVESfMENT AGREEMENT (together with any amendments and supplements, referred to as this "Agreemenf') is made and entered into by and among each of those local governments initially executing this Agreement and any other local government that becomes a party hereto (collectively, the "Participants'). WHEREAS, the Interlocal Cooperation Act, Article 4413(32c), Vernon's Texas Civil Statutes, as amended, and Article 4413(34c), Vernon'sTexas Civil Statutes, as amended (collectively, the "Act') , permit any "local government" to contract with one or more other "local governments" to perform "governmental functions and services," including investment of public funds through "public funds investment pools" (as such phrases are defined in the Act); WHEREAS, the Act permits the contracting parties to any interlocal agreement to create an administrative agency to supervise the performance of such interlocal agreement and to employ personnel and engage in other administrative activities and provide other administrative services necessary to execute the terms of such interlocal agreement; WHEREAS, each of the Participants is a local government under the Act; WHEREAS, the Participants desire to establish and maintain a public funds investment pool as their agency and instrumentality pursuant to the Act for the purpose of pooling their local funds for joint investment in accordance with the Act and the terms hereof; WHEREAS, the Participants desire that the Pool be managed and operated in a manner consistent with the management and operation of the Texas School Cash Management Program adopted by the Texas Association of School Boards; WHEREAS, each of the Participants has duly taken all official action necessary and appropriate to become a party to this Agreement, including the adoption of a resolution; NOW, THEREFORE, in consideration of the premises and the mutual covenants and agreements contained herein, the Participants mutually agree as follows: ARTIClE I Definitions and Rules of Construc~ion Section 1.01. Definitions. Except as otherwise provided in this Agreement. the capitalized terms used herein shall have the following meanings unless the context otherwise requires: Account - any account established by a Participant and representing an undivided beneficial interest of such Participant in the Pool. Act - the Interlocal Cooperation Act, Article 4413(32c). Vemon's Texas Civil Statutes, and Article 4413(34c), Vernon's Texas Civil Statutes, as the same may be amended from time to time. Additional Party Agreement - a document which, when attached to a copy of this Agreement and executed by an Authorized Representative of a Local Government. constitutes a valid and binding counterpart of this Agreement by which such Local Government becomes a Participant. substantially in the form attached hereto as an Appendix. RECEI'''-'' MAR 0 5 "j~;~3 * 7 *