What is the Public Funds Investment Act?
The Public Funds Investment Act (PFIA) governs the investment of government funds in Texas. Under this law, specific parameters are set for Texas cities, requiring them to adopt an investment policy and to designate an investment officer who is required to attend an approved training course.
The treasurer, chief financial officer (if the treasurer is not the chief financial officer), and investment officer must attend at least one training session, ten hours in length, within 12 months after taking office and must take eight hours of instruction every two years after the initial training session.
The TML workshop and online training meet the training requirements under state law. NO PREREQUISITES ARE REQUIRED. These trainings are designed for use by both beginners and professionals, including elected and appointed city officials, with little expertise in managing investment portfolios.
This training will fulfill the objectives of investment training established by the PFIA by providing in-depth analysis of the risks and rewards of investing as well as practical investment solutions for entities of all sizes. It is developed to assist public investors establish a safe and practical investment process in their own entity. The training delves into each step in the investment process from cash flow analysis and risk tolerance to policy and portfolio development. All the requirements of the Act are explained and translated into workable solutions for everyday investing. With a specific focus on practical controls as well as comprehensive reporting the participants will receive the tools they need to establish a safe as well as productive investment program.
PFIA Texas Statutory Training Requirements