Sec. 43.005. EXTERNAL INVESTMENT MANAGERS. (a) The State Board of Education may contract with private professional investment managers to assist the board in making investments of the permanent school fund. A contract under this subsection must be approved by the board or otherwise entered into in accordance with board rules relating to contracting authority.
(b) The State Board of Education by rule may delegate a power or duty relating to the investment of the permanent school fund to a committee, officer, employee, or other agent of the board.
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