Public Funds Investment Act Training for School Districts
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 thereafter.
House Bill 293 amended the Government Code, §2256.008(a-1), to exempt the treasurer, CFO, and investment officer of a school district from the requirement to attend investment training if the district:
- does not invest district funds, or
- only deposits those funds in:
- interest-bearing accounts, or
- authorized certificates of deposit.
To claim an exemption from investment training requirements, a school district must annually submit an affidavit identifying the exemption criteria that apply to the district. The district can choose to submit one of the two affidavit forms provided below. One version must be signed before a notary public and the other is signed as an unsworn declaration under Texas Civil Practice and Remedies Code Section 132.001.
- Investment Training Exception Affidavit (Signed before a notary public) (PDF, 144 KB)
- Investment Training Exception Affidavit (Unsworn declaration) (PDF, 97 KB)
Upload a PDF copy of the affidavit through the AUDIT application in the Texas Education Agency Login (TEAL). The affidavit should be uploaded under the section titled "Signed Pages of Annual Financial and Compliance Report (PDF)" and named using the six-digit county district number, followed by ITEA (for Investment Training Exception Affidavit), and ending with a single digit for the fiscal year. Example: 999999ITEA9