Page 307 - City of Colleyville FY22 Adopted Budget

Authorized Investments

The following is the list of authorized investments permitted for the City:

1. Obligations, including letters of credit, of the United States or its
agencies or instrumentalities, including the Federal Home Loan Banks;

2. Direct obligations of the State of Texas or its agencies;

3. Other obligations, the principal and interest of which are unconditionally
guaranteed or insured by the State of Texas or the United States or its
agencies or instrumentalities;

4. Obligations of states, agencies, counties, cities, and other political
subdivisions of any state having been rated as to investment quality by
nationally recognized investment rating firm and having received a
rating of not less than "A" or its equivalent;

5. Certificates of deposit, and other forms of deposit, placed with a financial
institution that has its main office or branch office in Texas that is:
a. Guaranteed or insured by the Federal Deposit Insurance
Corporation, or its successors;
b. Secured by obligations in any manner and amount provided
by law for deposits of the City; or
c. is placed in compliance with the requirements of PFIA.

6. AAA-rated Texas local government investment pools as authorized by
PFIA. Participation in any pool must be authorized by resolution of the
City Council. Pools investing in commercial paper are permissible up to
5% of total pool investments.

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 cash or 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 whose assets
generally consist of United States Government Securities or obligations
backed by that security-type, and whose investment objectives include

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