11-031 - RTOWN OF PROSPER, TEXAS
RESOLUTION NO. 11-031
A RESOLUTION OF THE PROSPER TOWN COUNCIL REVIEWING,
UPDATING AND ADOPTING THE PROSPER INVESTMENT POLICY AND
INVESTMENT STRATEGY.
WHEREAS, Section 2256.005(e) of the Public Funds Investment Act (the "Act") states
that the governing body of an investing entity shall review its investment policy and investment
strategies not less than annually; and
WHEREAS, the governing body shall adopt a written instrument by rule, order, ordinance, or
resolution stating that it has reviewed the investment policy and investment strategies: and
WHEREAS, the Act requires the written instrument so adopted shall record any changes made to
either the investment policy or investment strategies.
NOW, THEREFORE, BE IT RESOLVED BY THE PROSPER TOWN COUNCIL:
SECTION 1.
The Prosper Town Council hereby confirms that it has reviewed the Town's Investment Policy
and Investment Strategy and adopts the Investment Policy dated March 22, 2011 attached hereto as
Exhibit "A". Changes made to the Investment Policy, which have been incorporated in Exhibit "A" are
recorded for compliance in the document attached hereto as Exhibit `B."
SECTION 2.
This Resolution shall be effective immediately upon its passage.
RESOLVED THIS THE 22nd day of March, 2011.
ATTEST -
By:
Kar n S. Gill, Interim Town Secretary
Resolution 11-031: Review, update, adopt Investment Policy I
PROSPER TOWN COUNCI
By: v�
Ray Smith, Ma or Pro Tem