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<br />Events Prior To <br />The Public Funds Investment Act i 1C¡17 <br /> <br />a Banks allowed to grant Sup er Now <br />accounts to public entities. (¡~4J ivv 11¡~ <br /> <br />a Increased sensitivities to investment <br />rates and earnings during periods <br />of very high interest rates. <br /> <br />a Increased technical skills by public <br />funds managers. <br /> <br />a Broadened legislative changes. <br /> <br />- Investments in certain government <br /> <br />securities. <br /> <br />- Requirement to adopt investment <br />policies. <br /> <br />0 Investment losses by Texas cities. <br /> <br />0 Confusion concerning eligibility of <br />investments under various Texas laws. <br /> <br />0 Pressure/opportunities to increase <br /> <br />revenues. <br /> <br />1 <br />