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Texas Education Code - Chapter 43 Permanent School Fund And Available School FundLegal Research Home > Texas Lawyer > Education Code > Texas Education Code - Chapter 43 Permanent School Fund And Available School Fund Sponsored Links(a) Except as provided by Subsection (b), the permanent school fund, which is a perpetual endowment for the public schools of this state, consists of: ... (a) On the first working day of each month in a state fiscal year, the comptroller shall transfer from the permanent school fund to the ... In compliance with this section, the State Board of Education may invest the permanent school fund in the types of securities, which must be carefully ... (a) In addition to any other requirements provided by law, the State Board of Education shall adopt and enforce an ethics policy that provides standards ... (a) A member of the State Board of Education, the commissioner, an employee of the agency, or a person who provides services to the board ... A consultant, advisor, broker, or other person providing services to the State Board of Education relating to the management and investment of the permanent school ... (a) The board shall prescribe forms for: (1) statements of possible conflicts of interest and waivers of possible conflicts of interest under Section 43.0032; and ... (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 ... (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) The State Board of Education may delegate investment authority and contract for the investment of the permanent school fund to the same extent as ... (a) The State Board of Education may authorize the purchase of all of the types of securities in which it is authorized by law to ... (a) The State Board of Education may authorize the governing body of any political subdivision in this state to pay off and discharge, at any ... (a) If interest or principal has not been paid for two years or more on any bonds issued by any school district and held by ... (a) In compliance with this section, the State Board of Education may revise, readjust, modify, refinance, or refund defaulted bonds issued by any school district ... (a) Defaulted obligations, other than bonds of school districts as provided by Section 43.011, due the available school fund may be refinanced or refunded with ... The district courts of Travis County have jurisdiction of any suit on bonds or obligations belonging to the permanent school fund, or purchased therewith, concurrent ... (a) On or before July 1 of each year, the comptroller shall estimate the amount of the available school fund receivable from every source during ... (a) Not later than the 30th day before the first day of each regular session of the legislature and not later than the 10th day ... All available school funds shall be appropriated in each county for the education of its children. Added by Acts 1995, 74th Leg., ch. 260, § ... (a) The State Board of Education may contract with one or more commercial banks to receive payments of dividends and interest on securities in which ... (a) The State Board of Education may contract with a commercial bank to serve both as a custodian of securities in which the state permanent ... The State Board of Education may account for the exchange of permanent school fund securities in a closely related sale and purchase transaction in a ... All interest and dividends accruing from the investments of the permanent school fund shall be deposited to the credit of the available school fund in ... Last modified: August 11, 2007 |