Regional Water System
title
Designation of Authorized Representatives in the Texas Local Government Investment Pool (TexPool); Resolution No. 26-17
end
SUBJECT
recommendation
Adopt Resolution No. 26-17 amending the list of authorized representatives for Investments in TexPool.
end
PURPOSE
TexPool requires the Board of Directors approve all additions to the list of the District's authorized representatives.
RECOMMENDATION
The Executive Director and NTMWD staff recommend the Board of Directors adopt Resolution No. 26-17, "A Resolution Amending Authorized Representatives for Investments in TexPool." The resolution is required to be submitted with a Participation Agreement for participation in each local government investment pool.
Consultant:
N/A
Scope:
Designate authorized NTMWD representatives in TexPool
Project:
N/A
Amount:
N/A
Committee:
N/A
DRIVER(S) FOR THIS PROJECT
Strategic Objective:
2.3 Rigorous Financial Management
? Regulatory Compliance
? Asset Condition
? Capacity
? Redundancy/Resiliency
? Relocation or External Requests
? Operational Efficiency
? Safety
? Administrative
? Policy
? Other _____________
BACKGROUND
* Section 4.8 of the District's Investment Policy authorizes the investment of District Funds in "Local government investment pools" which comply with the Public Funds Investment Act. TexPool is AAAm rated, which meets the requirements set forth in the District's investment Policy. Its primary investment objectives are to protect principal, maintain liquidity, provide safety of funds, and maximize returns. Participants include cities, counties, school districts, institutions of higher education, special districts, and other public entities of Texas.
* TexPool originated in 1989 and is the oldest and largest investment pool in the state. The pool currently provides investment services for 2,999 participants. As of April 30, 2026, the fund balance was $39.1 billion and the average yield for the month of ...
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