The Texas Public Funds Investment Act and the City’s Investment Policy require that City Council review the City’s Investment Policy not less than annually and shall evidence by resolution that it has conducted such review. The last action was December 4, 2019.
The Controller’s Office is requesting that Council approve a resolution to revise the Investment Policy for the City of Houston. The policy has been reviewed and approved by the City’s Investment Committee (see below) at their meeting on October 29, 2020.
The proposal is to approve the following changes: 1.) Amend Section 17.0 – Commercial Paper percentage of total investment pool maximum allocation increase to 20% from 15%.
Investment Committee Members:
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Chris Brown
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Chairperson
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Charisse Mosely
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Deputy City Controller
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Han Au
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Deputy Director
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Melissa Dubowski
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Mayor’s Appointee
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J’Maine Chubb
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Mayor’s Appointee
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Drew Masterson
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Private Sector Appointee, Masterson Advisors, LLC
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Ron Stapleton
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Private Sector Appointee, Partners Advisors
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Suresh Raghavan
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Private Sector Appointee, MBR Financial
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Chris Brown, City Controller