HomeMy WebLinkAboutResolution 1998-014
RESOLUTION 98-14
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF NORTH
RICHLAND HILLS, TEXAS, THAT:
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 approved the City's Investment Policy,
including all revisions and changes required under state law or recommended by City
staff. This Investment Policy replaces the investment policy dated June 9, 1997
The City Council has also reviewed and approved the City's Investment
Strategy document, as prepared by the City's Investment Committee.
PASSED AND APPROVED this 23rd day of March, 1998.
APPROVED
ATTEST:
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Patricia Hutson, City Secretary
APPROVED' TO FOR!\llAND LEGALITY
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Rex McEntire, City Attorn
APPROVED AS TO CONTENT:
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Larry Kooncé, birector of Finance