Texas Education Code - Section 43.004. Written Investment Objectives; Performance Evaluation
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§ 43.004. WRITTEN INVESTMENT OBJECTIVES; PERFORMANCE
EVALUATION. (a) The State Board of Education shall develop written
investment objectives concerning the investment of the permanent
school fund. The objectives may address desired rates of return,
risks involved, investment time frames, and any other relevant
considerations.
(b) The board shall employ a well-recognized performance
measurement service to evaluate and analyze the investment results
of the permanent school fund. The service shall compare investment
results with the written investment objectives developed by the
board, and shall also compare the investment of the permanent
school fund with the investment of other public and private funds.
Added by Acts 1995, 74th Leg., ch. 260, § 1, eff. May 30, 1995.
Section: 43.001 43.002 43.003 43.0031 43.0032 43.0033 43.0034 43.004 43.005 43.006 43.007 43.009 43.010 43.011 43.012
Last modified: August 10, 2007
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