Texas Education Code

§ 43.0031 — PERMANENT SCHOOL FUND ETHICS POLICY

ED § 43.0031Title 2. PUBLIC EDUCATION · Part I. SCHOOL FINANCE AND FISCAL MANAGEMENT · Ch. 43. PERMANENT SCHOOL FUND AND AVAILABLE SCHOOL FUND · Art. A. GENERAL PROVISIONS

Statute text

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(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 of conduct relating to the management and investment of the permanent school fund. The ethics policy must include provisions that address the following issues as they apply to the management and investment of the permanent school fund and to persons responsible for managing and investing the fund:

(1)general ethical standards;

(2)conflicts of interest;

(3)prohibited transactions and interests;

(4)the acceptance of gifts and entertainment;

(5)compliance with applicable professional standards;

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Legislative history

Added by Acts 1999, 76th Leg., ch. 1488, Sec. 1, eff. Sept. 1, 1999.