Texas Term Resolution Agreement

The Texas Term Resolution Agreement is a contract between Collin County, TX, and PFM Asset Management LLC, for investment management services. The contract outlines the terms and conditions for the investment of local funds in certificates of deposit (CDs) through the Texas Term Local Government Investment Pool. The contract includes provisions for the engagement of the advisor, approval of CD purchases, management fees, and termination of the agreement. The key aspects of this contract include the investment objectives, risk management, and compliance with federal securities laws. • The contract is for an ongoing period with an end date of 2099-09-30. • The management fee is not greater than 0.25% per annum of the cost of CDs purchased. • The contract can be terminated by either party at any time without cause. • The advisor is responsible for providing monthly statements and reports to the participant. • The participant is responsible for determining that deposits made directly or through other arrangements do not exceed the total insurance limit for the CDs and other participant deposits.