The Texas State Legislature passed the Public Funds Investment Act in 1994
in response to financial crises in California caused when utility
companies invested heavily in risky funds. To ensure public funds in
Texas wouldn't be placed in a similar situation, the act was drafted,
defining the means and limitations public agencies must comply with
before investing their funds. All local and state governments are bound
by provisions dictated by the Public Funds Investment Act. For a copy
of the Districts Investment Policy (CDA Legal & Local) CLICK HERE.
All investment officers of the District must attend a training session
provided by an independent agency. This training must be at least 10
hours long, and officers need to renew the training every two years.
This training must include education in investment controls, security
risks, strategy risks, market risks, and diversification of investment
As required by Section 2256.023 of the Public Funds Investment Act, not
less than quarterly the investment officers shall prepare and submit to
the Board a written report of investment transactions.