HomeMy WebLinkAboutResolution - 2017-R0003 - Investment Policy And Investment Strategy - 01/12/2017Resolution No.2017-R0003
Item No.6.5
January 12,2017
RESOLUTION
WHEREAS, the City Council has reviewed and approved the City of Lubbock's
Investment Policy and Investment Strategy and finds that it complies with the Public
Funds Investment Act (Chapter 2256 of the Texas Government Code) and the Public
Funds Collateral Act (Chapter 2257 of the Texas Government Code);NOW
THEREFORE;
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
THAT the City of Lubbock investment policy and investment strategy,as
reviewed and recommended by the Audit and Investment Committee in the attached
document entitled "City of Lubbock,Texas,Investment Policy and Investment Strategy
for 2017"which is hereby incorporated inthe Resolution as if fully set forth,be approved
and adopted for the City of Lubbock, Texas, and shall be included in the minutes of the
Council.
Passed by the City Council on the 19^day of January 2017.
DANIEL M.POPE,MAYOR
ATTEST:
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Rebecca Garza,City Secret
APPROVED AS TO CONTENT:
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Linda Cuellar,Acting Executive Director of Finance
APPROVED AS TO FORM:
Amy Sims,Deputy City Attorney
RES.Investment Poliey Approval for 2017 (1-05-17)