September 2017 Consent Agenda

STATE BOARD OF EDUCATION
September 15, 2017

(1) Per Capita Apportionment Rate for the 2017-2018 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. Agency staff members will propose a recommended rate for the 2017-2018 school year at the September 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).

(2) Ratification of the Purchases and Sales of the Investment Portfolio of the Permanent School Fund for the Months of May, June and July 2017
(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 May, June and July 2017. Statutory authority for this action is the Texas Constitution, Article VII, §5(f).

(3) Determination as to Whether Transfers May be Made from the Permanent School Fund to the Available School Fund
(Committee on School Finance/Permanent School Fund)

This item provides an opportunity for the board to review the requirement in Article VII, §5(a)(2) that the total amount distributed over 10 years cannot exceed the total return on all investment assets of the PSF over the same 10 year period. The board will determine whether transfers may be made from the Permanent School Fund to the Available School Fund in fiscal year 2018. Statutory authority for this action is the Texas Constitution, Article VII, §5.

(4) 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. Statutory authority for this action is the Texas Constitution, Article VII, §5(f).

(5) Implementation of SB 1480 Related to the Bond Guarantee Program and Charter Schools
(Committee on School Finance/Permanent School Fund)

This item provides an opportunity for the committee to receive a presentation on the implementation of SB 1480 related to the bond guarantee program and charter schools. Statutory authority for this action is the Texas Education Code (TEC), §45.0532.

(6) Presentation on the Commodities Asset Class for the Permanent School Fund
(Committee on School Finance/Permanent School Fund)

This item provides an opportunity for the committee to receive a presentation on the commodities asset class and to review the commodities discretionary investment management services provided to the Permanent School Fund. Statutory authority for this action is the Texas Constitution, Article VII, §5(f).

(7) Recommendation for Appointments to the Fort Sam Houston Independent School District Board of Trustees
(Committee on School Initiatives)

This item provides an opportunity for board consideration of three appointments to the board of trustees of the Fort Sam Houston Independent School District. The appointments are necessary due to the expiration of the term of office for three board members. Statutory authority for this action is the Texas Education Code (TEC), §11.352, and 19 Texas Administrative Code (TAC) §61.2.

(8) Recommendation for Appointment to the Randolph Field 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 Randolph Field Independent School District. The appointment is necessary due to the resignation prior to the completion of the 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.