reglab/housing_qa huggingface dataset:
TX Nat Res Code § 51.404 (2021)
2021 Texas Statutes|Natural Resources Code|Title 2 - Public Domain|Subtitle D - Disposition of the Public Domain|Chapter 51 - Land, Timber, and Surface Resources|Subchapter I. Acquisition of Public School Land|Section 51.404. Title Security

Sec. 51.404.  TITLE SECURITY.  (a)  Real property acquired under this chapter shall be conveyed to the state by warranty deed.(b)  The board may purchase or acquire title insurance for any real property purchased under this chapter.|Added by Acts 1985, 69th Leg., ch. 624, Sec. 40.  Amended by Acts 2003, 78th Leg., ch. 280, Sec. 32, eff. June 18, 2003.|
TX Nat Res Code § 51.405 (2021)
2021 Texas Statutes|Natural Resources Code|Title 2 - Public Domain|Subtitle D - Disposition of the Public Domain|Chapter 51 - Land, Timber, and Surface Resources|Subchapter I. Acquisition of Public School Land|Section 51.405. Contracts for Purchase

Sec. 51.405.  CONTRACTS FOR PURCHASE.  The board may enter into contracts for the purchase of property under this subchapter.|Added by Acts 1985, 69th Leg., ch. 624, Sec. 40, eff. Nov. 5, 1985.|
TX Nat Res Code § 51.406 (2021)
2021 Texas Statutes|Natural Resources Code|Title 2 - Public Domain|Subtitle D - Disposition of the Public Domain|Chapter 51 - Land, Timber, and Surface Resources|Subchapter I. Acquisition of Public School Land|Section 51.406. Dedication to Permanent School Fund

Sec. 51.406.  DEDICATION TO PERMANENT SCHOOL FUND.  Land acquired under this subchapter is dedicated to the permanent school fund and is subject to sale and lease in the same manner and under the same authority as any other real property dedicated to the permanent school fund.|Added by Acts 1985, 69th Leg., ch. 624, Sec. 40, eff. Nov. 5, 1985.|
TX Nat Res Code § 51.407 (2021)
2021 Texas Statutes|Natural Resources Code|Title 2 - Public Domain|Subtitle D - Disposition of the Public Domain|Chapter 51 - Land, Timber, and Surface Resources|Subchapter I. Acquisition of Public School Land|Section 51.407. Rules

Sec. 51.407.  RULES.  The board shall adopt rules for the implementation of this subchapter.|Added by Acts 1985, 69th Leg., ch. 624, Sec. 40, eff. Nov. 5, 1985.|
TX Nat Res Code § 51.408 (2021)
2021 Texas Statutes|Natural Resources Code|Title 2 - Public Domain|Subtitle D - Disposition of the Public Domain|Chapter 51 - Land, Timber, and Surface Resources|Subchapter I. Acquisition of Public School Land|Section 51.408. Ethics Policy and Training

Sec. 51.408.  ETHICS POLICY AND TRAINING.  (a)  In addition to any other requirements provided by law, the board shall adopt and enforce an ethics policy that provides standards of conduct relating to the management and investment of the funds designated under Section 51.401.  The ethics policy must include provisions that address the following issues as they apply to the management and investment of the funds and to persons responsible for managing and investing the funds:(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;(6)  ethics training;  and(7)  compliance with and enforcement of the ethics policy.(b)  The ethics policy must include provisions applicable to:(1)  members of the board;(2)  the commissioner;(3)  employees of the board;  and(4)  any person who provides services to the board relating to the management or investment of the funds designated under Section 51.401.(c)  Not later than the 45th day before the date on which the board intends to adopt a proposed ethics policy or an amendment to or revision of an adopted ethics policy, the board shall submit a copy of the proposed policy, amendment, or revision to the Texas Ethics Commission and the state auditor for review and comments.  The board shall consider any comments from the commission or state auditor before adopting the proposed policy.(d)  The provisions of the ethics policy that apply to a person who provides services to the board relating to the management or investment of the funds designated under Section 51.401 must be based on the Code of Ethics and the Standards of Professional Conduct prescribed by the Association for Investment Management and Research or other ethics standards adopted by another appropriate professionally recognized entity.(e)  The board shall ensure that applicable provisions of the ethics policy are included in any contract under which a person provides services to the board relating to the management and investment of the funds designated under Section 51.401.|Added by Acts 2005, 79th Leg., Ch. 1098 (H.B. 2217), Sec. 9, eff. June 18, 2005.|
TX Nat Res Code § 51.409 (2021)
2021 Texas Statutes|Natural Resources Code|Title 2 - Public Domain|Subtitle D - Disposition of the Public Domain|Chapter 51 - Land, Timber, and Surface Resources|Subchapter I. Acquisition of Public School Land|Section 51.409. Disclosure of Conflicts of Interest and Finances

Sec. 51.409.  DISCLOSURE OF CONFLICTS OF INTEREST AND FINANCES.  (a)  A member of the board, the commissioner, an employee of the board, or a person who provides services to the board that relate to the management or investment of the funds designated under Section 51.401 who has a 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 funds shall disclose the relationship in writing to the board.(b)  The board or the board's designee shall, in the ethics policy adopted under Section 51.408, define the kinds of relationships that may create a possible conflict of interest.(c)  A person who is required to file a disclosure statement under Subsection (a) shall refrain from giving advice or making decisions about matters affected by the conflict of interest unless the board, after consultation with the general counsel of the board, expressly waives this prohibition.  The board shall maintain a written record of each waiver and the reasons for it.  The board may delegate the authority to waive prohibitions under this subsection to one or more designated employees of the land office on a vote of a majority of the members of the board at an open meeting called and held in compliance with Chapter 551, Government Code.  The board shall have any order delegating authority to waive prohibitions under this section entered into the minutes of the meeting.  The board may adopt criteria for designated employees to use to determine the kinds of relationships that do not constitute a material conflict of interest for purposes of this subsection.(d)  Each employee of the board who exercises significant decision-making or fiduciary authority, as determined by the board, shall file financial disclosure statements with a person designated by the board.  The content of a financial disclosure statement must comply substantially with the requirements of Subchapter B, Chapter 572, Government Code.  A statement must be filed not later than the 30th day after the date a person is employed in a significant decision-making or fiduciary position and annually after employment not later than April 30.  The filing deadline may be postponed by the board for not more than 60 days on written request or for an additional period for good cause, as determined by the chairman of the board.  The board shall maintain a financial disclosure statement for at least five years after the date of its filing.|Added by Acts 2005, 79th Leg., Ch. 1098 (H.B. 2217), Sec. 9, eff. June 18, 2005.|
TX Nat Res Code § 51.410 (2021)
2021 Texas Statutes|Natural Resources Code|Title 2 - Public Domain|Subtitle D - Disposition of the Public Domain|Chapter 51 - Land, Timber, and Surface Resources|Subchapter I. Acquisition of Public School Land|Section 51.410. Reports of Expenditures

Sec. 51.410.  REPORTS OF EXPENDITURES.  A consultant, advisor, broker, or other person providing services to the board relating to the management and investment of the funds designated under Section 51.401 shall file with the board regularly, as determined by the board, a report that describes in detail any expenditure of more than $50 made by the person on behalf of:(1)  a member of the board;(2)  the commissioner; or(3)  an employee of the board.|Added by Acts 2005, 79th Leg., Ch. 1098 (H.B. 2217), Sec. 9, eff. June 18, 2005.|
TX Nat Res Code § 51.411 (2021)
2021 Texas Statutes|Natural Resources Code|Title 2 - Public Domain|Subtitle D - Disposition of the Public Domain|Chapter 51 - Land, Timber, and Surface Resources|Subchapter I. Acquisition of Public School Land|Section 51.411. Forms; Public Information

Sec. 51.411.  FORMS;  PUBLIC INFORMATION.  (a)  The board shall prescribe forms for:(1)  statements of possible conflicts of interest and waivers of possible conflicts of interest under Section 51.409; and(2)  reports of expenditures under Section 51.410.(b)  A statement, waiver, or report described by Subsection (a) is public information.(c)  The board shall designate an employee of the board to act as custodian of statements, waivers, and reports described by Subsection (a) for purposes of public disclosure.|Added by Acts 2005, 79th Leg., Ch. 1098 (H.B. 2217), Sec. 9, eff. June 18, 2005.|
TX Nat Res Code § 51.412 (2021)
2021 Texas Statutes|Natural Resources Code|Title 2 - Public Domain|Subtitle D - Disposition of the Public Domain|Chapter 51 - Land, Timber, and Surface Resources|Subchapter I. Acquisition of Public School Land|Section 51.412. Reports to Legislature

Text of section effective until December 31, 2022Sec. 51.412.  REPORTS TO LEGISLATURE.  (a)  Not later than September 1 of each even-numbered year, the board shall submit to the legislature a report that, specifically and in detail, assesses the direct and indirect economic impact, as anticipated by the board, of the investment of funds designated under Section 51.401 for deposit in the real estate special fund account of the permanent school fund.(b)  The board may not disclose information under this section that is confidential under applicable state or federal law.(c)  The report must include the following information:(1)  the total amount of the funds designated by Section 51.401 for deposit in the real estate special fund account of the permanent school fund that the board intends to invest;(2)  the rate of return the board expects to attain on the investment;(3)  the amount of the funds the board expects to distribute to the available school fund or the State Board of Education for investment in the permanent school fund after making the investments;(4)  the distribution of the board's investments by county;(5)  the effect of the board's investments on the level of employment, personal income, and capital investment in the state;(6)  the amounts of all fees or other compensation paid by the board to investment managers, consultants, or advisors appointed or organizations contracted with under Section 51.4021; and(7)  any other information the board considers necessary to include in the report.|Added by Acts 2005, 79th Leg., Ch. 1098 (H.B. 2217), Sec. 9, eff. June 18, 2005.Amended by: Acts 2007, 80th Leg., R.S., Ch. 1368 (H.B. 3699), Sec. 7, eff. June 15, 2007.Acts 2019, 86th Leg., R.S., Ch. 524 (S.B. 608), Sec. 10, eff. September 1, 2019.Acts 2021, 87th Leg., R.S., Ch. 875 (S.B. 1232), Sec. 2.07, eff. December 31, 2022.Acts 2021, 87th Leg., R.S., Ch. 875 (S.B. 1232), Sec. 2.08, eff. December 31, 2022.|
TX Nat Res Code § 51.412 (2021)
2021 Texas Statutes|Natural Resources Code|Title 2 - Public Domain|Subtitle D - Disposition of the Public Domain|Chapter 51 - Land, Timber, and Surface Resources|Subchapter I. Acquisition of Public School Land|Section 51.412. Report on Use of Certain Money

Text of section effective on December 31, 2022Sec. 51.412.  REPORT ON USE OF CERTAIN MONEY.  (a)  Not later than September 1 of each even-numbered year, the board shall submit to the legislature, the Texas Permanent School Fund Corporation, and the Legislative Budget Board a report that, specifically and in detail, assesses the direct and indirect economic impact, as anticipated by the board, of the use of funds:(1)  retained by the board as provided by Section 51.011(a-3); or(2)  designated under Section 51.401 for deposit in the real estate special fund account of the permanent school fund.(b)  The board may not disclose information under this section that is confidential under applicable state or federal law.(c)  The report must include the following information:(1)  the total amount of the funds designated by Section 51.401 for deposit in the real estate special fund account of the permanent school fund that the board intends to use in a manner authorized under Section 51.402;(2)  the amount of funds retained by the board as provided by Section 51.011(a-3) and the purposes for which the board intends to use those funds;(3)  the amount of the funds the board expects to distribute to the available school fund or the Texas Permanent School Fund Corporation for investment in the permanent school fund under Section 51.413;(4)   the amounts of all fees or other compensation paid by the board to investment consultants and advisors appointed or organizations contracted with under Section 51.4021; and(5)  any other information the board considers necessary to include in the report.|Added by Acts 2005, 79th Leg., Ch. 1098 (H.B. 2217), Sec. 9, eff. June 18, 2005.Amended by: Acts 2007, 80th Leg., R.S., Ch. 1368 (H.B. 3699), Sec. 7, eff. June 15, 2007.Acts 2019, 86th Leg., R.S., Ch. 524 (S.B. 608), Sec. 10, eff. September 1, 2019.Acts 2021, 87th Leg., R.S., Ch. 875 (S.B. 1232), Sec. 2.07, eff. December 31, 2022.Acts 2021, 87th Leg., R.S., Ch. 875 (S.B. 1232), Sec. 2.08, eff. December 31, 2022.|
TX Nat Res Code § 51.413 (2021)
2021 Texas Statutes|Natural Resources Code|Title 2 - Public Domain|Subtitle D - Disposition of the Public Domain|Chapter 51 - Land, Timber, and Surface Resources|Subchapter I. Acquisition of Public School Land|Section 51.413. Transfers From the Real Estate Special Fund Account to the Available School Fund and the Permanent School Fund

Text of section effective until December 31, 2022Sec. 51.413.  TRANSFERS FROM THE REAL ESTATE SPECIAL FUND ACCOUNT TO THE AVAILABLE SCHOOL FUND AND THE PERMANENT SCHOOL FUND.  (a) The board may, by a resolution adopted at a regular meeting, release from the real estate special fund account funds previously designated under Section 51.401 or managed, used, or encumbered under Section 51.402 or Section 51.4021 to be deposited in the State Treasury to the credit of:(1)  the available school fund; or(2)  the State Board of Education for investment in the permanent school fund.(b)  The board shall adopt rules to establish the procedure that will be used by the board to determine the date a transfer will be made and the amount of the funds that will be transferred to the available school fund or to the State Board of Education for investment in the permanent school fund from the real estate special fund account as provided by Subsection (a).|Added by Acts 2007, 80th Leg., R.S., Ch. 1368 (H.B. 3699), Sec. 8, eff. June 15, 2007.Amended by: Acts 2015, 84th Leg., R.S., Ch. 735 (H.B. 1551), Sec. 1, eff. June 17, 2015.Acts 2019, 86th Leg., R.S., Ch. 524 (S.B. 608), Sec. 11, eff. September 1, 2019.Acts 2021, 87th Leg., R.S., Ch. 875 (S.B. 1232), Sec. 2.09, eff. December 31, 2022.|
TX Nat Res Code § 51.413 (2021)
2021 Texas Statutes|Natural Resources Code|Title 2 - Public Domain|Subtitle D - Disposition of the Public Domain|Chapter 51 - Land, Timber, and Surface Resources|Subchapter I. Acquisition of Public School Land|Section 51.413. Transfers From the Real Estate Special Fund Account to the Available School Fund and the Permanent School Fund

Text of section effective on December 31, 2022Sec. 51.413.  TRANSFERS FROM THE REAL ESTATE SPECIAL FUND ACCOUNT TO THE AVAILABLE SCHOOL FUND AND THE PERMANENT SCHOOL FUND.  (a)  The board may, by a resolution adopted at a regular meeting, release from the real estate special fund account funds previously designated under Section 51.401 or managed, used, or encumbered under Section 51.402 or Section 51.4021 to be deposited in the State Treasury to the credit of:(1)  the available school fund; or(2)  the Texas Permanent School Fund Corporation for investment in the permanent school fund.(b)  The board shall adopt rules to establish the procedure that will be used by the board to determine the date a transfer will be made and the amount of the funds that will be transferred to the available school fund or to the Texas Permanent School Fund Corporation for investment in the permanent school fund from the real estate special fund account as provided by Subsection (a).|Added by Acts 2007, 80th Leg., R.S., Ch. 1368 (H.B. 3699), Sec. 8, eff. June 15, 2007.Amended by: Acts 2015, 84th Leg., R.S., Ch. 735 (H.B. 1551), Sec. 1, eff. June 17, 2015.Acts 2019, 86th Leg., R.S., Ch. 524 (S.B. 608), Sec. 11, eff. September 1, 2019.Acts 2021, 87th Leg., R.S., Ch. 875 (S.B. 1232), Sec. 2.09, eff. December 31, 2022.|
TX Nat Res Code § 51.4131 (2021)
2021 Texas Statutes|Natural Resources Code|Title 2 - Public Domain|Subtitle D - Disposition of the Public Domain|Chapter 51 - Land, Timber, and Surface Resources|Subchapter I. Acquisition of Public School Land|Section 51.4131. Report on Anticipated Transfer of Funds

Text of section effective until December 31, 2022Sec. 51.4131.  REPORT ON ANTICIPATED TRANSFER OF FUNDS.  Not later than September 1 of each even-numbered year, the board shall submit to the legislature, comptroller, State Board of Education, and Legislative Budget Board a report that, specifically and in detail, states the date a transfer will be made and the amount of the funds the board will transfer during the subsequent state fiscal biennium from the real estate special fund account of the permanent school fund established under Section 51.401 to the available school fund or the State Board of Education for investment in the permanent school fund.|Added by Acts 2015, 84th Leg., R.S., Ch. 735 (H.B. 1551), Sec. 2, eff. June 17, 2015.Amended by: Acts 2019, 86th Leg., R.S., Ch. 524 (S.B. 608), Sec. 12, eff. September 1, 2019.Repealed by Acts 2021, 87th Leg., R.S., Ch. 875 (S.B. 1232), Sec. 2.10(4), eff. December 31, 2022.|
TX Nat Res Code § 51.414 (2021)
2021 Texas Statutes|Natural Resources Code|Title 2 - Public Domain|Subtitle D - Disposition of the Public Domain|Chapter 51 - Land, Timber, and Surface Resources|Subchapter I. Acquisition of Public School Land|Section 51.414. Permanent School Fund Liquid Account

Text of section effective until December 31, 2022Sec. 51.414.  PERMANENT SCHOOL FUND LIQUID ACCOUNT.  (a)  The permanent school fund liquid account is established as an account in the permanent school fund in the State Treasury to be used by the board and the State Board of Education as provided by this section.(b)  Each quarter, the board shall hold a meeting and adopt a resolution to release from the real estate special fund account funds designated under Section 51.401 that are not being used for a purpose listed in Section 51.402(a) and are not required for the board's anticipated cash needs for the 90-day period following the date of the meeting, to be deposited to the credit of the permanent school fund liquid account in the State Treasury.(c)  The State Board of Education may invest funds in the permanent school fund liquid account.  The investments may be made only in liquid assets, in the same manner that the permanent school fund is managed by the State Board of Education.(d)  Investment income and realized capital gains derived from funds in the permanent school fund liquid account shall be deposited in the State Treasury to the credit of the State Board of Education for investment in the permanent school fund.  This subsection does not require a deposit if the market value of the assets held in the permanent school fund liquid account is below cost.(e)  The State Board of Education may use funds in the permanent school fund liquid account to pay for administrative costs associated with implementing this section, including costs associated with contracts for professional investment management, investment advisory services, or custodial services.(f)  The board shall provide to the State Board of Education in each quarterly report required by Section 32.068 the board's anticipated cash needs for the six-month period following the date of the report, to allow the State Board of Education to ensure that the board's cash needs may be met as provided by Subsection (g).(g)  Not later than the fifth business day after the date of a request of the board, the State Board of Education shall release from the permanent school fund liquid account funds to be deposited to the credit of the real estate special fund account in the State Treasury in an amount requested by the board.|Added by Acts 2019, 86th Leg., R.S., Ch. 493 (H.B. 4388), Sec. 4, eff. September 1, 2019.Repealed by Acts 2021, 87th Leg., R.S., Ch. 875 (S.B. 1232), Sec. 2.10(4), eff. December 31, 2022.|
TX Nat Res Code § 51.501 (2021)
2021 Texas Statutes|Natural Resources Code|Title 2 - Public Domain|Subtitle D - Disposition of the Public Domain|Chapter 51 - Land, Timber, and Surface Resources|Subchapter J. Grants|Section 51.501. Application for Grant

Sec. 51.501.  APPLICATION FOR GRANT.  A lessee of real property owned by the permanent school fund and used for grazing or agricultural purposes may apply to the commissioner for a grant to construct a permanent improvement on the leased property.|Added by Acts 2003, 78th Leg., ch. 1091, Sec. 31, eff. June 20, 2003.|
TX Nat Res Code § 51.502 (2021)
2021 Texas Statutes|Natural Resources Code|Title 2 - Public Domain|Subtitle D - Disposition of the Public Domain|Chapter 51 - Land, Timber, and Surface Resources|Subchapter J. Grants|Section 51.502. Source of Grant Money

Sec. 51.502.  SOURCE OF GRANT MONEY.  A grant under this subchapter shall be made from money collected for surface damages under Sections 52.297 and 53.155.|Added by Acts 2003, 78th Leg., ch. 1091, Sec. 31, eff. June 20, 2003.|
TX Nat Res Code § 51.503 (2021)
2021 Texas Statutes|Natural Resources Code|Title 2 - Public Domain|Subtitle D - Disposition of the Public Domain|Chapter 51 - Land, Timber, and Surface Resources|Subchapter J. Grants|Section 51.503. Appraisal Required

Sec. 51.503.  APPRAISAL REQUIRED.  (a)  Before a grant is made under Section 51.501, an appraiser employed by the land office must appraise the effect of the improvement for which a grant is sought on the value of the permanent school fund property.(b)  If the appraiser finds that the improvement will increase the value of the real property in an amount at least equal to the amount the improvement will cost, the commissioner may authorize the disbursement of money to construct the improvement.|Added by Acts 2003, 78th Leg., ch. 1091, Sec. 31, eff. June 20, 2003.|
TX Nat Res Code § 51.504 (2021)
2021 Texas Statutes|Natural Resources Code|Title 2 - Public Domain|Subtitle D - Disposition of the Public Domain|Chapter 51 - Land, Timber, and Surface Resources|Subchapter J. Grants|Section 51.504. Evidence of Expenditure Required

Sec. 51.504.  EVIDENCE OF EXPENDITURE REQUIRED.  The commissioner shall require each lessee who receives a grant to provide copies of receipts, vouchers, or other evidence of expenditures for the improvement.|Added by Acts 2003, 78th Leg., ch. 1091, Sec. 31, eff. June 20, 2003.|
TX Nat Res Code § 51.505 (2021)
2021 Texas Statutes|Natural Resources Code|Title 2 - Public Domain|Subtitle D - Disposition of the Public Domain|Chapter 51 - Land, Timber, and Surface Resources|Subchapter J. Grants|Section 51.505. Improvements: Real Property of Permanent School Fund

Sec. 51.505.  IMPROVEMENTS:  REAL PROPERTY OF PERMANENT SCHOOL FUND.  Any improvement constructed with money disbursed under this subchapter is the real property of the permanent school fund.|Added by Acts 2003, 78th Leg., ch. 1091, Sec. 31, eff. June 20, 2003.|