July 2016 Consent Agenda

(1) Review of the Report on Permanent School Fund Percentage Distribution Rates Under Consideration for Fiscal Years 2018 and 2019
(Committee of the Full Board)

This item provides an opportunity for the board to evaluate and approve the report on Permanent School Fund percentage distribution rates under consideration for fiscal years 2018 and 2019. The board will consider various factors associated with the distribution rate such as expected returns, inflation, and student growth. Additionally, this item provides the opportunity for the board to discuss anticipated instructional material needs for the 2018-2019 biennium. Statutory authority for this action is the Texas Constitution, Article 7, Section 5.

(2) Review and Adoption of the Long-Term Strategic Asset Allocation Plan of the Permanent School Fund
(Committee of the Full Board)

This item provides an opportunity for the board to review and adopt the long-term strategic asset allocation plan of the Permanent School Fund. Statutory authority for this action is the Texas Constitution, Article VII, §5(f).

(3) Update on Texas Commission on Next Generation Assessments and Accountability and Community Conversations
(Committee of the Full Board)

The board will receive an update on the work of the Texas Commission on Next Generation Assessments and Accountability. It will also receive an update on Community Conversation meetings, which were hosted by State Board of Education members. The board will be asked to approve a report summarizing the findings of the Community Conversations and a related survey. Statutory authority for this action is the Texas Education Code (TEC), §7.102(c)(29).

(4) Per Capita Apportionment Rate for the 2015-2016 School Year
(Committee on School Finance/Permanent School Fund)

The board is responsible for setting a per capita apportionment rate for each school year based on an estimate of the amount available for expenditures from the Available School Fund. The board adopted a preliminary 2015-2016 per capita apportionment rate of $176.437 in September 2015. Agency staff members will propose a recommended revised rate for the 2015-2016 school year at the July meeting of the Committee on School Finance/Permanent School Fund. Statutory authority for this action is the Texas Education Code (TEC), §42.004 and §43.001(b).

(5) Ratification of the Purchases and Sales of the Investment Portfolio of the Permanent School Fund for the Months of March, April and May 2016
(Committee on School Finance/Permanent School Fund)

This item provides an opportunity for the committee and board to consider approval of the purchases and sales of investments executed in the portfolio of the Permanent School Fund for the months of March, April and May 2016. Statutory authority for this action is the Texas Constitution, Article VII, §5(f).

(6) Overview of the Permanent School Fund Real Estate Policy
(Committee on School Finance/Permanent School Fund)

This item provides an opportunity for the committee and board to review the real estate policy. The committee may take action based on this information. Statutory authority for this action is the Texas Constitution, Article VII, §5(f).

(7) Decision on Real Estate Investments
(Committee on School Finance/Permanent School Fund)

This item provides an opportunity for the committee and board to review and consider possible real estate investments.

(8) Decision on Absolute Return Investment Managers
(Committee on School Finance/Permanent School Fund)

This item provides an opportunity for the committee and board to consider contract extensions with Blackstone Alternative Asset Management, L.P. and Grosvenor Capital Management, L.P. Statutory authority for this action is the Texas Constitution, Article VII, §5(f).

(9) Recommendation for Appointment to the Lackland Independent School District Board of Trustees
(Committee on School Initiatives)

This item provides an opportunity for board consideration of one appointment to the board of trustees of the Lackland Independent School District. The appointment is necessary due to the vacancy of term of office for one board member. Statutory authority for this action is the Texas Education Code (TEC), §11.352, and 19 Texas Administrative Code (TAC) §61.2.