HomeMy WebLinkAboutResolution 2009-008RESOLUTION NO. 2009-008
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF NORTH RICHLAND
HILLS, TEXAS:
1.
The City of North Richland Hills acknowledges the high priority of providing the
necessary guardianship of public funds in the municipal sector.
The City Council expressly intends to set high fiscal standards, delegate treasury
and investment duties to appropriate officials, and to review the actual performance at
regular intervals.
The City Council hereby intends to implement investment requirements set forth
in Tex. Rev. Civ. Stat. Ann., Art. 4413 (34c) and 2256.
2.
The City Council has reviewed and hereby adopts the City of North Richland
Hills' Investment Policy March 9, 2009, including all revisions and changes required
under state law or recommended by City staff. This Investment Policy replaces the
investment policy dated January 14, 2008.
The City Council has also reviewed and approved the City of North Richland
Hills' Investment Strategy document, as prepared by the City's Investment Committee.
PASSED AND APPROVED this the 9th day of March, 2009.
tC H
CITY OF
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icia Hutson, City Secretary
AP AST FORM AND LEGALITY:
George A. Sta les, City Attorney
APPROVED AS TO CONTENT:
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Larry Ko ce, Director of Finance