HomeMy WebLinkAboutR-2017-15 Adopting Updated City of La Porte Investment PolicyRESOLUTION NO. 2017-15
preserveWHEREAS, the City of La Porte requires that funds be invested in a mann
which will the pirincipal of funds invested while meeting daily cash1,
demands of the City, and
WHEREAS, the Public Funds Investment Act requires the adoption of certaiin
investment policies and controls regila,rding the investment of its funds; and
WHEREAS, the Pubfic, Funds Investment Act further requires that the governinp-q
body of an 4fY entity shall adoptpoficy 1 resolution,
shall further state that w .d and investmentw „i
adopted,IM that the written policyadopted w ., M any w made to ,. +,
investmentthe policy or e previously .` loi " • and
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Clark T. Askins,
Assistant City Attorney