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RESOLUTION NO. 2020-70R <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br />MARCOS, TEXAS ADOPTING REVISED INVESTMENT POLICIES FOR <br />OPERATING FUNDS AND RESERVE FUNDS; AND DECLARING AN <br />EFFECTIVE DATE. <br />RECITALS: <br />1. Texas Government Code, §2256.005 requires the City Council to adopt a <br />written policy regarding the investment of City funds and funds under City control. <br />2. The Director of Finance has recommended the adoption of revised City of San <br />Marcos investment policies for operating funds and reserve funds. <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN <br />MARCOS, TEXAS: <br />PART 1. The revised City of San Marcos investment policies for operating funds and <br />reserve funds attached to this resolution are approved and adopted. <br />PART 2. This resolution shall be in full force and effect from and after its <br />passage. <br />ADOPTED on March 17, 2020. <br />ane Hughson <br />Mayor <br />Att <br />ammy ook <br />Interim Ci, Clerk <br />ic <br />