Texas Education Code

§ 43.053 — BOARD OF DIRECTORS; MEETINGS

ED § 43.053Title 2. PUBLIC EDUCATION · Part I. SCHOOL FINANCE AND FISCAL MANAGEMENT · Ch. 43. PERMANENT SCHOOL FUND AND AVAILABLE SCHOOL FUND · Art. B. TEXAS PERMANENT SCHOOL FUND CORPORATION

Statute text

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(a)The board of directors is composed of the following nine members:

(1)five members of the State Board of Education, appointed by the board in accordance with board policy;

(2)the commissioner of the General Land Office;

(3)one member appointed by the commissioner of the General Land Office who has substantial background and expertise in investments and asset management; and

(4)two members appointed by the governor, with the advice and consent of the senate, each of whom must have substantial background and expertise in investments and asset management and may not be members of the State Board of Education or the School Land Board.

(b)The State Board of Education by rule shall establish the terms of members of the board of directors appointed under Subsection (a)(1).

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Legislative history

Added by Acts 2021, 87th Leg., R.S., Ch. 875 (S.B. 1232), Sec. 1.06, eff. September 1, 2021.