Sec. 43.004. WRITTEN INVESTMENT OBJECTIVES; PERFORMANCE EVALUATION. (a) The State Board of Education shall develop written investment objectives concerning the investment of the permanent school fund. The objectives may address desired rates of return, risks involved, investment time frames, and any other relevant considerations.
(b) The board shall employ a well-recognized performance measurement service to evaluate and analyze the investment results of the permanent school fund. The service shall compare investment results with the written investment objectives developed by the board, and shall also compare the investment of the permanent school fund with the investment of other public and private funds.
Added by Acts 1995, 74th Leg., ch. 260, Sec. 1, eff. May 30, 1995.
Structure Texas Statutes
Subtitle I - School Finance and Fiscal Management
Chapter 43 - Permanent School Fund and Available School Fund
Subchapter A. General Provisions
Section 43.001. Composition of Permanent School Fund and Available School Fund
Section 43.003. Investment of Permanent School Fund
Section 43.0031. Permanent School Fund Ethics Policy
Section 43.0032. Conflicts of Interest
Section 43.0033. Reports of Expenditures
Section 43.0034. Forms; Public Information
Section 43.004. Written Investment Objectives; Performance Evaluation
Section 43.005. External Investment Managers
Section 43.0051. Transfers to Real Estate Special Fund Account of the Permanent School Fund
Section 43.0052. Quarterly Reports
Section 43.006. Investment Management
Section 43.007. Purchase and Sale or Exchange of Securities
Section 43.009. Prepayment of Certain Bonds Held by the Permanent School Fund
Section 43.010. Default of School District Securities Held by the Permanent School Fund
Section 43.011. Authorized Refunding of Defaulted School Bonds
Section 43.012. Refunding Other Defaulted Obligations
Section 43.014. Duties of Comptroller
Section 43.015. Duties of Comptroller
Section 43.016. Use of Available School Fund
Section 43.018. Participation in Fully Secured Securities Loan Programs