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<br />I <br /> <br />I <br /> <br />I <br /> <br />RESOLUTION NO. 2007- 166 R <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE <br />CITY OF SAN MARCOS, TEXAS, ADOPTING A <br />REVISED INVESTMENT POLICY; AND DECLARING <br />AN EFFECTIVE DATE. <br /> <br />RECITALS: <br /> <br />1. Texas Government Code 92256.005 requires the City Council to adopt a <br />written policy regarding the investment of City funds and funds under City control. <br /> <br />2. The Finance Director, Rosie Vela, has recommended the adoption of the <br />revised City of San Marcos Investment Policy incorporating changes made during the last <br />legislative session to the Public Funds Investment Act. These changes include certain <br />training reqUIrements set out in the Act, and the appointment of the accounting manager <br />as an investment officer. <br /> <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN <br />MARCOS, TEXAS: <br /> <br />PART 1. The revised City of San Marcos Investment Policy attached to this <br />resolution is approved and adopted. <br /> <br />P ART 2. This Resolution shall be in full force and effect from and after its <br />passage. <br /> <br />ADOPTED on <br /> <br />September 18, 2007 ~ ~ <br /> <br /> <br />Susan N arvaiz I \....,- - U <br />Mayor <br /> <br />