HomeMy WebLinkAboutResolution 1997-022
RESOLUTION 97-22
BE IT RESOLVED BY THE CITY COUNCil OF THE CITY OF NORTH RICH LAND
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 September 1, 1995
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 9th day of June, 1997.
APPROVED:
ATTEST:
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City Secretary
APPROVED AS TO FORM AND lEGALITY:
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