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<br />. <br /> <br />It <br /> <br />Presentation of <br /> <br />Certificate of Distinction <br />For <br />Investment Policy <br /> <br />The City conforms to all statues governing the investment of funds in <br />accordance with the Public Funds Investment Act, Chapter 2256, of the <br />Texas Government Code, which governs the investment of government <br />funds in Texas. Under this law, specific parameters are set for Texas cities, <br />requiring them to adopt an investment policy and designate an investment <br />officer, who is required to attend approved training courses. <br /> <br />It is the policy of the City of La Porte, Texas to administer and invest its <br />funds in a manner which will preserve the principal and maintain the <br />liquidity through limitations and diversification, while meeting the daily <br />cash flow requirements of the City. <br /> <br />The Government Treasurer's Organization of Texas (GTOT) conducts an <br />Investment Policy Certification Program that is designed to provide <br />professional guidance in developing an investment policy, and to recognize <br />outstanding examples of written investment policies. <br /> <br />Weare proud to announce that the Government Treasurer's Organization of <br />Texas has awarded the Certificate of Distinction to the City of La Porte for <br />its Investment Policy. The city was congratulated for its success in <br />developing a comprehensive written investment policy that meets the criteria <br />set forth by GTOT. <br /> <br />Only 24 Texas cities have been awarded the Certificate of Distinction for <br />their Investment Policy, which is good for a period of two years. <br />