Texas Education Code Title 2, Chapter 43 - Permanent School Fund And Available School Fund

• Texas Section 43.001 - Composition Of Permanent School Fund And Available School Fund
  (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:...
• Texas Section 43.002 - Transfers From Permanent School Fund And General Revenue Fund To Available School Fund
  (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...
• Texas Section 43.003 - Investment Of Permanent School Fund
  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...
• Texas Section 43.0031 - Permanent School Fund Ethics Policy
  (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...
• Texas Section 43.0032 - Conflicts Of Interest
  (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...
• Texas Section 43.0033 - Reports Of Expenditures
  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...
• Texas Section 43.0034 - Forms; Public Information
  (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...
• Texas Section 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...
• Texas Section 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....
• Texas Section 43.0051 - Transfers To Real Estate Special Fund Account Of The Permanent School Fund
  The State Board of Education may transfer funds from the portion of the permanent school fund managed by the State Board of Education to the...
• Texas Section 43.006 - Investment Management
  (a) The State Board of Education may delegate investment authority for the investment of the permanent school fund to the same extent as an institution...
• Texas Section 43.007 - Purchase And Sale Or Exchange Of Securities
  (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...
• Texas Section 43.009 - Prepayment Of Certain Bonds Held By The Permanent School Fund
  (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...
• Texas Section 43.010 - Default Of School District Securities Held By The Permanent School Fund
  (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...
• Texas Section 43.011 - Authorized Refunding Of Defaulted School Bonds
  (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...
• Texas Section 43.012 - Refunding Other Defaulted Obligations
  (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...
• Texas Section 43.013 - Jurisdiction
  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...
• Texas Section 43.014 - Duties Of Comptroller
  (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...
• Texas Section 43.015 - Duties Of Comptroller
  (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...
• Texas Section 43.016 - Use Of Available School Fund
  All available school funds shall be appropriated in each county for the education of its children. Added by Acts 1995, 74th Leg., ch. 260, Sec....
• Texas Section 43.017 - Use Of Commercial Banks As Agents For Collection Of Income From Permanent School Fund Investments
  (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...
• Texas Section 43.018 - Participation In Fully Secured Securities Loan Programs
  (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...
• Texas Section 43.019 - Accounting Treatment Of Certain Exchanges
  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...
• Texas Section 43.020 - Treatment Of Accrued Income
  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: September 28, 2016