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.
Related Statutes and Rules
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.
This affidavit must be emailed to InvestmentTraining@tea.texas.gov.
For additional information, contact Thanh Quach at (512) 463-7652 or firstname.lastname@example.org.
Division of Financial Compliance
Phone: (512) 463-9095