Texas Education Code - Section 43.005. External Investment Managers
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§ 43.005. EXTERNAL INVESTMENT MANAGERS. (a) The State
Board of Education may contract with private professional
investment managers to assist the board in making investments of
the permanent school fund. A contract under this subsection must be
approved by the board or otherwise entered into in accordance with
board rules relating to contracting authority.
(b) The State Board of Education by rule may delegate a
power or duty relating to the investment of the permanent school
fund to a committee, officer, employee, or other agent of the board.
Added by Acts 1995, 74th Leg., ch. 260, § 1, eff. May 30, 1995.
Section: 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 43.013
Last modified: August 10, 2007
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