HomeMy WebLinkAboutResolution 2003-024
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RESOLUTION NO. 2003-024
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF NORTH RICHLAND
HILLS, TEXAS, THAT:
1.
The City of North Rich/and 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 Rich/and Hills'
Investment Policy February 24, 2003, including all revisions and changes required under
state law or recommended by City staff. This Investment Policy replaces the investment
policy dated March 23, 1998.
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 24th day of February 2003.
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Patriclä/-Hutson, City Secretary
APPROVED AS TO CONTENT: