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Hear this out loud PauseThe Public Funds Investment Act (PFIA), Texas Government Code, Section 2256.005(n), requires every state agency to obtain a compliance audit for its investments that are not invested by the State Comptroller of Public Accounts under Texas Government Code, Section 404.024. Click tabs for more information.
What is a public fund in Texas?
Public Funds Defined Atty Gen. Op. No. MW-0584 (1982). In a case involving the Cameron County tax collector, the Texas Court of Appeals stated, [p]ublic funds are those belonging to the state or to any county or political subdivision of the state. . . . Austin v.
What are local government investment pools?
Hear this out loud PauseLocal government investment pools function much like money market funds. Typically, government investment funds pool the resources of participating governments and invest in various securities as permitted under state law. Local government investment pools function much like money market funds.
What is a government mutual fund?
A United States Treasury money mutual fund is a mutual fund that pools money from investors to purchase low-risk government securities. A United States Treasury money mutual fund is a type of mutual fund that invests primarily or exclusively in U.S. government debt, such as Treasury bills and repurchase agreements.
What are the training requirements for Pfia in Texas?
The Public Funds Investment Act, Chapter 2256 of the Texas Government Code, requires the treasurer, chief financial officer (CFO), and investment officer of a school district to attend 10 hours of training within 12 months of taking office or assuming duties and eight hours of renewal training every two years
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Credit Value and Course Numbers The University of Texas
Courses numbered 201 through 299 have a value of two semester hours; 301 through 399, a value of three semester hours; and so on. A zero as the first digit
Introduction. In 2005, Texas ranked third in the nation in coal-fired power production. Texas also ranks as the highest-emitting state or province in the
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