The Texas Public Funds Investment Act and the City’s Investment Policy require that the 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 November 28, 2023.
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 at their meeting on October 25, 2024. The proposal is for an increase to the total maximum holding limit of commercial paper from 20% to 25% of total Pool.
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Chris Hollins
City of Houston Controller