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.

Recent Changes

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.

Submission Requirement

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.

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

Contact Information

Thanh Quach (512) 463-7652 or thanh.quach@tea.texas.gov

Financial Compliance Division

Phone: (512) 463-9095

Fax: (512) 463-1777

Email: InvestmentTraining@tea.texas.gov