Item Coversheet

Item 5.c.


INVESTMENT BROKERS

Background

H-GAC is required to maintain a list of qualified brokers or institutions authorized to engage in investment transactions in order to comply with the Public Funds Investment Act. The qualified broker list is subject to revision as law and investment landscape may change.


Current Situation 

The Public Funds Investment Act requires that H-GAC annually submit the qualified broker list to its governing body for approval. Below is the qualified broker list, submitted to assure compliance with the Act.

 

QUALIFIED BROKER LIST:

 

Chase Bank Investments

Bank of America Investments

Wells Fargo Investments

TexPool


Funding Source 

N/A


Budgeted

N/A


Action Requested 

Request approval of H-GAC’s Broker List. (Staff Contact: Nancy Haussler)