Public Funds Investment Act

Texas Public Funds Investment Act Online Training


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 designate an investment officer who is required to attend an approved training course.

The actual statute can be found here.


The treasurer, chief financial officer (if the treasurer is not the chief financial officer), and investment officer of a city or school district must attend at least one training session, 10 hours in length, within 12 months after taking office, and must take eight hours of instruction every two years after the initial training session. Various other types of governmental entities have some training exceptions. You can view these exceptions here.


This Public Funds Investment Act course meets the training requirements under Texas state law. It is designed to educate public officials in the basics of investing. The training examines and explains investment controls, security risks, strategy risks, market risks, the need for diversification of investment portfolio, and compliance elements of state law.

Continuing Education

This Public Funds Investment Act training is offered in 10 Hour, 8 Hour and 4 Hour courses to meet your individual needs and has been certified and approved for continuing education credits by:

Texas State Board of Public Accountancy (TSBPA) 

Texas Department of Licensing & Regulation (TDLR).

See featured courses below or in the Course Catalog.

Purchase Options

All sales are final

Student account creation

Before you can purchase a course for the first time you will need to create a student account. This is accomplished by selecting 'Sign Up' at the top of the screen.

After creating the initial student account,  you will have two weeks to make your first purchase, if not the account may be removed after 30 days.

If this is the case, simply sign up again and purchase the course you want.

After your initial purchase your student account will remain active going forward.

TML Members

Virtual Learning Concepts has partnered with the Texas Municipal League (TML) to offer members an exclusive discount coupon that can be obtained on the member log-in page of the TML website. 

Training Time Frame

Students have 120 days from date of enrollment to complete. After 120 days the course will no longer be available. Should you fail to complete before the 120 day deadline the only option will be to contact VLC Support and restart the training from the beginning if granted.

Regular Purchase

After purchasing course you will be automatically enrolled and can start training.

Multiple Student (Volume) Purchase 

We (VLC) have volume discounts when purchasing for three (3) or more students.

For information or assistance contact our sales staff at:

Check Purchase

If you or your entity need to purchase by check, we (VLC) have provisions for this.

For more information or assistance contact our sales staff at: