reglab/housing_qa huggingface dataset:
TX Educ Code § 43.055 (2021)
2021 Texas Statutes|Education Code|Title 2 - Public Education|Subtitle I - School Finance and Fiscal Management|Chapter 43 - Permanent School Fund and Available School Fund|Subchapter B. Texas Permanent School Fund Corporation|Section 43.055. Employees

Sec. 43.055.  EMPLOYEES.  (a)  The chief executive officer is responsible for hiring all employees of the corporation.(b)  Employees of the corporation serve at the will of the chief executive officer.(c)  The chief executive officer or the chief executive officer's designee shall develop a system of compensation for employees of the corporation as necessary to retain qualified staff.(d)  The chief executive officer or the chief executive officer's designee shall develop a system of annual performance evaluations.  Merit pay for corporation employees must be based on the system established under this subsection.(e)  The chief executive officer or the chief executive officer's designee shall prepare and maintain a written policy statement to assure implementation of a program of equal employment opportunity under which all personnel decisions are made without regard to race, color, disability, sex, religion, age, or national origin.(f)  The chief executive officer may appoint an internal auditor for the corporation, who may be an employee of the corporation.  The appointment of the internal auditor must be approved by the board of directors.  The board of directors may require the internal auditor to submit specified reports directly to the board of directors.(g)  Except as otherwise provided by this subchapter, employees of the corporation are state employees for all purposes, including:(1)  accrual of leave time, insurance benefits, and retirement benefits;(2)  Chapter 104, Civil Practice and Remedies Code; and(3)  Chapter 501, Labor Code.|Added by Acts 2021, 87th Leg., R.S., Ch. 875 (S.B. 1232), Sec. 1.06, eff. September 1, 2021.|
TX Educ Code § 43.056 (2021)
2021 Texas Statutes|Education Code|Title 2 - Public Education|Subtitle I - School Finance and Fiscal Management|Chapter 43 - Permanent School Fund and Available School Fund|Subchapter B. Texas Permanent School Fund Corporation|Section 43.056. Sovereign Immunity

Sec. 43.056.  SOVEREIGN IMMUNITY.  (a)  The corporation, the board of directors, and the officers and employees of the corporation are entitled to sovereign immunity to the same extent as any other state agency or officer or employee of a state agency.(b)  No action taken by the corporation, including the acceptance of benefits under a contract, may be construed to waive the corporation's sovereign immunity, including immunity from suit or from liability.(c)  Subchapter C, Chapter 2260, Government Code, does not apply to the corporation.|Added by Acts 2021, 87th Leg., R.S., Ch. 875 (S.B. 1232), Sec. 1.06, eff. September 1, 2021.|
TX Educ Code § 43.057 (2021)
2021 Texas Statutes|Education Code|Title 2 - Public Education|Subtitle I - School Finance and Fiscal Management|Chapter 43 - Permanent School Fund and Available School Fund|Subchapter B. Texas Permanent School Fund Corporation|Section 43.057. Liability Insurance for Board Members and Employees

Sec. 43.057.  LIABILITY INSURANCE FOR BOARD MEMBERS AND EMPLOYEES.  (a)  The corporation may purchase or otherwise acquire insurance to protect members of the board of directors and employees of the corporation, subject to Subsection (c).(b)  Insurance purchased or acquired by the corporation under this section may:(1)  protect against any type of liability to third persons that might be incurred while conducting corporation business; and(2)  provide for all costs of defending a cause of action for such liability, including court costs and attorney's fees.(c)  This section does not authorize the purchase or acquisition of insurance to protect against liability not described in Subsection (b).|Added by Acts 2021, 87th Leg., R.S., Ch. 875 (S.B. 1232), Sec. 1.06, eff. September 1, 2021.|
TX Educ Code § 43.058 (2021)
2021 Texas Statutes|Education Code|Title 2 - Public Education|Subtitle I - School Finance and Fiscal Management|Chapter 43 - Permanent School Fund and Available School Fund|Subchapter B. Texas Permanent School Fund Corporation|Section 43.058. Ethics Policy; Conflicts of Interest

Sec. 43.058.  ETHICS POLICY; CONFLICTS OF INTEREST.  (a)  The board of directors shall adopt an ethics policy that provides standards of conduct relating to the management and investment of the permanent school fund in accordance with Section 43.0031(a).  The ethics policy must include provisions applicable to:(1)  members of the board of directors;(2)  employees of the corporation; and(3)  any person who provides services to the corporation relating to the management or investment of the permanent school fund.(b)  A member of the board of directors, an employee of the corporation, and a person who provides services to the corporation relating to the management or investment of the permanent school fund shall disclose in writing to the corporation any business, commercial, or other relationship that could reasonably be expected to diminish the person's independence of judgment in the performance of the person's responsibilities relating to the management or investment of the permanent school fund.(c)  The board of directors shall define in the ethics policy adopted under Subsection (a) the types of relationships that may create a possible conflict of interest.(d)  A person who makes a written disclosure under Subsection (b) stating a possible conflict of interest may not give advice or make decisions about a matter affected by the possible conflict of interest unless the board of directors expressly waives this prohibition.  The board of directors may delegate the authority to waive the prohibition established by this subsection.|Added by Acts 2021, 87th Leg., R.S., Ch. 875 (S.B. 1232), Sec. 1.06, eff. September 1, 2021.|
TX Educ Code § 43.059 (2021)
2021 Texas Statutes|Education Code|Title 2 - Public Education|Subtitle I - School Finance and Fiscal Management|Chapter 43 - Permanent School Fund and Available School Fund|Subchapter B. Texas Permanent School Fund Corporation|Section 43.059. Applicability of Certain Laws

Sec. 43.059.  APPLICABILITY OF CERTAIN LAWS.  (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(4)  any filing costs or other fees imposed by the state on a corporation.|Added by Acts 2021, 87th Leg., R.S., Ch. 875 (S.B. 1232), Sec. 1.06, eff. September 1, 2021.|
TX Educ Code § 43.060 (2021)
2021 Texas Statutes|Education Code|Title 2 - Public Education|Subtitle I - School Finance and Fiscal Management|Chapter 43 - Permanent School Fund and Available School Fund|Subchapter B. Texas Permanent School Fund Corporation|Section 43.060. Exception to Open Meeting Requirements for Certain Consultations Concerning Investments

Sec. 43.060.  EXCEPTION TO OPEN MEETING REQUIREMENTS FOR CERTAIN CONSULTATIONS CONCERNING INVESTMENTS.  (a)  In this section, "private investment fund," "reinvestment," and "restricted securities" have the meanings assigned by Section 552.143, Government Code.(b)  The board of directors may conduct a closed meeting in accordance with Subchapter E, Chapter 551, Government Code, to deliberate or confer with one or more employees, consultants, or legal counsel of the corporation or with a third party if the only purpose of the meeting is to receive information from or question the employees, consultants, or legal counsel or third party relating to:(1)  investment transactions or potential investment transactions if, before conducting the closed meeting, a majority of the board of directors in an open meeting vote that deliberating or conferring in an open meeting would have a detrimental effect on the corporation's position in negotiations with third parties or put the corporation at a competitive disadvantage in the market;(2)  the purchase, holding, or disposal of restricted securities or a private investment fund's investment in restricted securities if, under Section 552.143, Government Code, the information discussed would be confidential and excepted from the requirements of Section 552.021, Government Code, if the information were included in the records of a governmental body; or(3)  a procurement proposed to be awarded by the board of directors if, before conducting the closed meeting, a majority of the board of directors in an open meeting vote that deliberating or conferring in an open meeting would have a detrimental effect on the corporation's position in negotiations with third parties.(c)  Any vote or final action taken on a procurement described by Subsection (b)(3) must be conducted in an open meeting.|Added by Acts 2021, 87th Leg., R.S., Ch. 875 (S.B. 1232), Sec. 1.06, eff. September 1, 2021.|
TX Educ Code § 43.061 (2021)
2021 Texas Statutes|Education Code|Title 2 - Public Education|Subtitle I - School Finance and Fiscal Management|Chapter 43 - Permanent School Fund and Available School Fund|Subchapter B. Texas Permanent School Fund Corporation|Section 43.061. Record Retention

Sec. 43.061.  RECORD RETENTION.  (a)  Subchapter L, Chapter 441, Government Code, does not apply to the corporation.(b)  The corporation may establish record retention policies for the corporation.  In establishing the policies under this section, the corporation may consider relevant rules and guidelines adopted by the Texas State Library and Archives Commission.|Added by Acts 2021, 87th Leg., R.S., Ch. 875 (S.B. 1232), Sec. 1.06, eff. September 1, 2021.|
TX Educ Code § 43.062 (2021)
2021 Texas Statutes|Education Code|Title 2 - Public Education|Subtitle I - School Finance and Fiscal Management|Chapter 43 - Permanent School Fund and Available School Fund|Subchapter B. Texas Permanent School Fund Corporation|Section 43.062. Information Technology and Associated Resources

Sec. 43.062.  INFORMATION TECHNOLOGY AND ASSOCIATED RESOURCES.  (a)  Chapters 2054 and 2055, Government Code, do not apply to the corporation or to any state agency with respect to a contract entered into between the agency and the corporation for information technology or associated resources.(b)  The corporation shall control all aspects of, and may contract with third parties for, the corporation's information technology and associated resources, including:(1)  computer, data management, and telecommunications operations;(2)  procurement of hardware, software, and middleware and telecommunications equipment and systems;(3)  location, operation, and replacement of computers, computer systems, software provided as a service, and telecommunications systems;(4)  data processing;(5)  security;(6)  disaster recovery; and(7)  storage.(c)  The Department of Information Resources shall assist the corporation at the request of the corporation and must consider the corporation a customer of the department.  Notwithstanding any other law, the corporation may:(1)  purchase any item through the department; and(2)  contract with the department for and use any service available through the department.|Added by Acts 2021, 87th Leg., R.S., Ch. 875 (S.B. 1232), Sec. 1.06, eff. September 1, 2021.|
TX Educ Code § 43.063 (2021)
2021 Texas Statutes|Education Code|Title 2 - Public Education|Subtitle I - School Finance and Fiscal Management|Chapter 43 - Permanent School Fund and Available School Fund|Subchapter B. Texas Permanent School Fund Corporation|Section 43.063. General Powers and Duties of Corporation

Sec. 43.063.  GENERAL POWERS AND DUTIES OF CORPORATION.  (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.(d)  The corporation shall make all purchases of goods and services in accordance with applicable fiduciary duties and may use purchasing methods that ensure the best value to the corporation.  In determining best value, the corporation may consider the best value standards applicable to state agencies under Section 2155.074, Government Code.(e)  The corporation may:(1)  delegate investment authority for the investment of the permanent school fund to one or more private professional investment managers; or(2)  contract with one or more private professional investment managers to assist the corporation in making investments of the permanent school fund.(f)  The corporation may receive, transfer, and disburse money and securities of the fund as provided by statute or the Texas Constitution, except that the corporation may not distribute money from the permanent school fund to the available school fund except as authorized under Section 43.066.(g)  The corporation may enter into a contract with a state agency, a governmental body, or another entity to manage or invest funds on behalf of the agency, body, or entity.|Added by Acts 2021, 87th Leg., R.S., Ch. 875 (S.B. 1232), Sec. 1.06, eff. September 1, 2021.|
TX Educ Code § 43.064 (2021)
2021 Texas Statutes|Education Code|Title 2 - Public Education|Subtitle I - School Finance and Fiscal Management|Chapter 43 - Permanent School Fund and Available School Fund|Subchapter B. Texas Permanent School Fund Corporation|Section 43.064. Contracting for Facilities and Necessary Support

Sec. 43.064.  CONTRACTING FOR FACILITIES AND NECESSARY SUPPORT.  The corporation may contract with a state agency or another entity to provide operational support, facilities, information and data technology, staff, or other support for the corporation.  The corporation may but is not required to request allocation of space to the corporation under Subchapter C, Chapter 2165, Government Code.|Added by Acts 2021, 87th Leg., R.S., Ch. 875 (S.B. 1232), Sec. 1.06, eff. September 1, 2021.|
TX Educ Code § 43.065 (2021)
2021 Texas Statutes|Education Code|Title 2 - Public Education|Subtitle I - School Finance and Fiscal Management|Chapter 43 - Permanent School Fund and Available School Fund|Subchapter B. Texas Permanent School Fund Corporation|Section 43.065. Written Investment Objectives; Performance Evaluation

Sec. 43.065.  WRITTEN INVESTMENT OBJECTIVES; PERFORMANCE EVALUATION.  In accordance with Section 43.004, the board of directors shall:(1)  develop written investment objectives concerning the investment of the permanent school fund; and(2)  employ a well-recognized performance measurement service to evaluate and analyze the investment results of the permanent school fund.|Added by Acts 2021, 87th Leg., R.S., Ch. 875 (S.B. 1232), Sec. 1.06, eff. September 1, 2021.|
TX Educ Code § 43.066 (2021)
2021 Texas Statutes|Education Code|Title 2 - Public Education|Subtitle I - School Finance and Fiscal Management|Chapter 43 - Permanent School Fund and Available School Fund|Subchapter B. Texas Permanent School Fund Corporation|Section 43.066. Distributions by Corporation From Permanent School Fund to Available School Fund

Sec. 43.066.  DISTRIBUTIONS BY CORPORATION FROM PERMANENT SCHOOL FUND TO AVAILABLE SCHOOL FUND.  (a)  The corporation may distribute from the permanent school fund to the available school fund under Section 5(g), Article VII, Texas Constitution, an amount not to exceed the limitation under that section that is determined in accordance with rules established by the corporation.(b)  In developing the rules for distributions under Subsection (a), the corporation shall develop and establish an annual minimum distribution rate that the corporation will use in making a distribution from the permanent school fund to the available school fund each state fiscal year.  In developing the annual minimum distribution rate under this subsection, the corporation may consider:(1)  transfers made from the permanent school fund to the available school fund under Section 43.002 in accordance with Section 5(a), Article VII, Texas Constitution;(2)  factors that relate to the current and future public school students in the state; and(3)  any other factors the corporation determines relevant.|Added by Acts 2021, 87th Leg., R.S., Ch. 875 (S.B. 1232), Sec. 1.06, eff. September 1, 2021.|
TX Educ Code § 43.067 (2021)
2021 Texas Statutes|Education Code|Title 2 - Public Education|Subtitle I - School Finance and Fiscal Management|Chapter 43 - Permanent School Fund and Available School Fund|Subchapter B. Texas Permanent School Fund Corporation|Section 43.067. Bond Guarantee Program

Sec. 43.067.  BOND GUARANTEE PROGRAM.  The corporation, the State Board of Education, and the agency shall coordinate to determine the corporation's role in the operation and management of the permanent school fund in connection with the bond guarantee program under Subchapter C, Chapter 45, to ensure the proper and efficient operation of the program, including the handling of any associated reimbursements, transfers, and disbursements.|Added by Acts 2021, 87th Leg., R.S., Ch. 875 (S.B. 1232), Sec. 1.06, eff. September 1, 2021.|
TX Educ Code § 43.068 (2021)
2021 Texas Statutes|Education Code|Title 2 - Public Education|Subtitle I - School Finance and Fiscal Management|Chapter 43 - Permanent School Fund and Available School Fund|Subchapter B. Texas Permanent School Fund Corporation|Section 43.068. Annual Audit

Sec. 43.068.  ANNUAL AUDIT.  (a)  Not less than once each year, the board of directors shall submit to the Legislative Budget Board an audit report regarding the operations of the corporation.(b)  The corporation may contract with a certified public accountant or the state auditor to conduct an independent audit of the operations of the corporation.(c)  This section does not affect the state auditor's authority to conduct an audit of the corporation in accordance with Chapter 321, Government Code.|Added by Acts 2021, 87th Leg., R.S., Ch. 875 (S.B. 1232), Sec. 1.06, eff. September 1, 2021.|
TX Educ Code § 43.069 (2021)
2021 Texas Statutes|Education Code|Title 2 - Public Education|Subtitle I - School Finance and Fiscal Management|Chapter 43 - Permanent School Fund and Available School Fund|Subchapter B. Texas Permanent School Fund Corporation|Section 43.069. Annual Investment Report

Sec. 43.069.  ANNUAL INVESTMENT REPORT.  The corporation shall annually submit to the State Board of Education and the General Land Office a report on the allocation of assets and investment performance of the portion of the permanent school fund for which the corporation is responsible.|Added by Acts 2021, 87th Leg., R.S., Ch. 875 (S.B. 1232), Sec. 1.06, eff. September 1, 2021.|
TX Educ Code § 43.070 (2021)
2021 Texas Statutes|Education Code|Title 2 - Public Education|Subtitle I - School Finance and Fiscal Management|Chapter 43 - Permanent School Fund and Available School Fund|Subchapter B. Texas Permanent School Fund Corporation|Section 43.070. Report on Anticipated Transfer to Available School Fund

Sec. 43.070.  REPORT ON ANTICIPATED TRANSFER TO AVAILABLE SCHOOL FUND.  Not later than November 1 of each even-numbered year, the corporation shall submit to the legislature, comptroller, State Board of Education, and Legislative Budget Board a report that in detail specifically states the date a transfer will be made and the amount the corporation will transfer during the subsequent state fiscal biennium from the permanent school fund to the available school fund under Section 43.066.|Added by Acts 2021, 87th Leg., R.S., Ch. 875 (S.B. 1232), Sec. 1.06, eff. September 1, 2021.|
TX Educ Code § 43.071 (2021)
2021 Texas Statutes|Education Code|Title 2 - Public Education|Subtitle I - School Finance and Fiscal Management|Chapter 43 - Permanent School Fund and Available School Fund|Subchapter B. Texas Permanent School Fund Corporation|Section 43.071. Gifts, Grants, and Donations

Sec. 43.071.  GIFTS, GRANTS, AND DONATIONS.  The corporation may accept, and establish a nonprofit corporation or other entity for the purpose of accepting, a gift, grant, donation, or bequest of money, securities, property, or any other assets from any public or private source for the permanent school fund.|Added by Acts 2021, 87th Leg., R.S., Ch. 875 (S.B. 1232), Sec. 1.06, eff. September 1, 2021.|
TX Educ Code § 44.001 (2021)
2021 Texas Statutes|Education Code|Title 2 - Public Education|Subtitle I - School Finance and Fiscal Management|Chapter 44 - Fiscal Management|Subchapter A. School District Fiscal Management|Section 44.001. Fiscal Guidelines

Sec. 44.001.  FISCAL GUIDELINES.  (a)  The commissioner shall establish advisory guidelines relating to the fiscal management of a school district.(b)  The commissioner shall report annually to the State Board of Education the status of school district fiscal management as reflected by the advisory guidelines and by statutory requirements.|Added by Acts 1995, 74th Leg., ch. 260, Sec. 1, eff. May 30, 1995.|
TX Educ Code § 44.0011 (2021)
2021 Texas Statutes|Education Code|Title 2 - Public Education|Subtitle I - School Finance and Fiscal Management|Chapter 44 - Fiscal Management|Subchapter A. School District Fiscal Management|Section 44.0011. Fiscal Year

Sec. 44.0011.  FISCAL YEAR.  The fiscal year of a school district begins on July 1 or September 1 of each year, as determined by the board of trustees of the district. The commissioner may adopt rules concerning the submission of information by a district under Chapter 39, 39A, or 48 based on the fiscal year of the district.|Added by Acts 1999, 76th Leg., ch. 643, Sec. 1, eff. Sept. 1, 2001.Amended by: Acts 2017, 85th Leg., R.S., Ch. 324 (S.B. 1488), Sec. 21.003(29), eff. September 1, 2017.Acts 2019, 86th Leg., R.S., Ch. 943 (H.B. 3), Sec. 3.049, eff. September 1, 2019.|
TX Educ Code § 44.002 (2021)
2021 Texas Statutes|Education Code|Title 2 - Public Education|Subtitle I - School Finance and Fiscal Management|Chapter 44 - Fiscal Management|Subchapter A. School District Fiscal Management|Section 44.002. Preparation of Budget

Sec. 44.002.  PREPARATION OF BUDGET.  (a)  On or before a date set by the State Board of Education, the superintendent shall prepare, or cause to be prepared, a proposed budget covering all estimated revenue and proposed expenditures of the district for the following fiscal year.(b)  The budget must be prepared according to generally accepted accounting principles, rules adopted by the State Board of Education, and adopted policies of the board of trustees.|Added by Acts 1995, 74th Leg., ch. 260, Sec. 1, eff. May 30, 1995.|
TX Educ Code § 44.003 (2021)
2021 Texas Statutes|Education Code|Title 2 - Public Education|Subtitle I - School Finance and Fiscal Management|Chapter 44 - Fiscal Management|Subchapter A. School District Fiscal Management|Section 44.003. Records and Reports

Sec. 44.003.  RECORDS AND REPORTS.  The superintendent shall ensure that records are kept and that copies of all budgets, all forms, and all other reports are filed on behalf of the school district at the proper times and in the proper offices as required by this code.|Added by Acts 1995, 74th Leg., ch. 260, Sec. 1, eff. May 30, 1995.|