Texas Education Code

§ 43.063 — GENERAL POWERS AND DUTIES OF CORPORATION

ED § 43.063Title 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 corporation may amend the articles of incorporation adopted by the State Board of Education when the corporation was established, subject to board approval.

(b)The corporation may adopt and amend:

(1)subject to State Board of Education approval, bylaws for the corporation;

(2)resolutions and policies of the corporation; and

(3)any other document necessary to carry out the corporation's purpose.

(c)The corporation may engage in any activity necessary to manage the investments of the permanent school fund, including entering into any contract in connection with the investment of the permanent school fund, to the extent the activity complies with applicable fiduciary duties.

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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.