Page 282 - Colleyville FY21 Budget

(32c), as amended, and the Public Funds Investment Act (TEX. REV.
CIV. STAT. ACT. 842a-2), as amended. The investment pool must
comply with the requirements of the Public Funds Investment Act, as
amended, as follows:
a. The investment pool maintains a stable asset value of one
dollar as defined in the Public Funds Investment Act;
b. The investment pool maintains a AAA, or AAAm rating by one
of the nationally recognized rating agencies;
c. The investment pool's maximum average dollar weighted
maturity does not exceed 90 days; and
d. The investment pool's continued compliance with the
remaining provisions of the Public Funds Investment Act.
e. The eligible investments of the pool are as follows: obligations
of the United States or its agencies and instrumentalities, other
obligations, the principal of and interest on which are
unconditionally guaranteed or insured by the United States,
fully collateralized repurchase agreements with a defined
termination date secured by obligations of the United States or
its agencies and instrumentalities, other obligations, the
principal of and interest on which are unconditionally
guaranteed or insured by the United States, and SEC registered
money market funds authorized by the Public Funds
Investment Act and rated in the highest category by at least
one nationally recognized rating agency, reverse repurchase
agreements with a term of no longer than 90 days.
f. Include in its investment policy and/or operating procedures
the following information: a description of eligible investment
securities and unacceptable investments, a written statement
on investment policy and objectives, a description of interest
calculations, distribution, and treatment of gains and losses,
security safeguarding, valuation collateralization and auditing,
and a fee schedule.

7. Direct repurchase agreements with primary security dealers or financial
institutions doing business in the State of Texas having a defined
termination date, and secured by U.S. Government or federal agency
securities, provided that the ownership of collateral for the repurchase
agreement is transferred to the City, and deposited with a safekeeping
agent for the duration of the contract and a signed master repurchase
agreement has been executed with the counterparty.

8. SEC-registered no-load money market mutual funds with a dollar
weighted average portfolio of 90 days or less whose assets consist

273