Texas Education Code
§ 43.059 — APPLICABILITY OF CERTAIN LAWS
ED § 43.059Title 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
View on source(a)Except as otherwise provided by and to the extent consistent with this subchapter, Title 1, Business Organizations Code, and Chapter 22, Business Organizations Code, apply to the corporation.
(b)Subject to Section 43.060, the corporation is a governmental body for purposes of Chapter 551, Government Code.
(c)The corporation is exempt from:
(1)Chapters 654 and 660, Government Code, and Subchapter K, Chapter 659, Government Code, to the extent the board of directors determines that an exemption from those provisions is necessary for the corporation to perform the board's fiduciary duties under this subchapter;
(2)all state laws regulating or limiting purchasing by state agencies, including Subtitle D, Title 10, Government Code, and Chapters 2254, 2261, and 2262, Government Code;
(3)the franchise tax under Chapter 171, Tax Code; and
…
Legislative history
Added by Acts 2021, 87th Leg., R.S., Ch. 875 (S.B. 1232), Sec. 1.06, eff. September 1, 2021.