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RESOLUTION NO.2024-40R <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br /> MARCOS,TEXAS ADOPTING A REVISED INVESTMENT POLICY FOR <br /> OPERATING 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 a revised City of San <br /> Marcos investment policy for operating and reserve funds. <br /> BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br /> TEXAS: <br /> PART 1. The City Council of the City of San Marcos has reviewed the revised City <br /> of San Marcos Investment Policy for operating and reserve funds attached to this Resolution ("the <br /> Investment Policy") and the Investment Policy is hereby adopted and approved. <br /> PART 2. This resolution shall be in full force and effect from and after its <br /> passage. <br /> ADOPTED on March 19, 2024. <br /> Jane <br /> ane.Hughson <br /> Mayor <br /> Attest: <br /> Elizabeth Trevino <br /> City Clerk <br />