September 2018 Consent Agenda
STATE BOARD OF EDUCATION
September 14, 2018
(1) Decision on the Percentage Distribution of the Permanent School Fund for Fiscal Years 2020 and 2021
(Committee of the Full Board)
This item provides an opportunity for the board to evaluate and approve the Permanent School Fund percentage distribution rate for fiscal years 2020 and 2021. The board will consider various factors associated with the distribution rate such as expected returns, inflation, and student population growth. Additionally, this item provides the opportunity for the board to discuss anticipated instructional material needs for the 2020-2021 biennium. Statutory authority for this action is Texas Constitution, Article VII, §5.
(2) Approval of Proposed Timeline to Meet Credit By Examination Provider Requirements
(Committee on Instruction)
This item recommends approval of the proposed timeline submitted by Texas Tech University to meet credit by examination provider requirements in accordance with §74.24(c)(5). Recently amended administrative rules for credit by examination permit an examination provider to obtain approval from the State Board of Education (SBOE) to demonstrate comparable results over a specified number of years if the number of students who take an examination in a given year is not sufficient to determine comparable results for all subgroups. Statutory authority for this action is the Texas Education Code (TEC), §7.102(c)(12) and §28.023.
(3) Per Capita Apportionment Rate for the 2018-2019 School Year
(Committee on School Finance/Permanent School Fund)
The board is responsible for setting a per capita apportionment rate for each 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 2018-2019 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).
(4) Ratification of the Purchases and Sales of the Investment Portfolio of the Permanent School Fund for the Months of May, June, and July 2018
(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 2018. Statutory authority for this action is the Texas Constitution, Article VII, §5(f).
(5) 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 committee and board to review the requirement in Article VII, §5(a)(2) that the total amount distributed over ten years cannot exceed the total return on all investment assets of the PSF over the same ten-year-period. The board will determine whether transfers may be made from the Permanent School Fund to the Available School Fund in fiscal year 2019. Statutory authority for this action is the Texas Constitution, Article VII, §5(f).
(6) 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).
September 14, 2018
(1) Decision on the Percentage Distribution of the Permanent School Fund for Fiscal Years 2020 and 2021
(Committee of the Full Board)
This item provides an opportunity for the board to evaluate and approve the Permanent School Fund percentage distribution rate for fiscal years 2020 and 2021. The board will consider various factors associated with the distribution rate such as expected returns, inflation, and student population growth. Additionally, this item provides the opportunity for the board to discuss anticipated instructional material needs for the 2020-2021 biennium. Statutory authority for this action is Texas Constitution, Article VII, §5.
(2) Approval of Proposed Timeline to Meet Credit By Examination Provider Requirements
(Committee on Instruction)
This item recommends approval of the proposed timeline submitted by Texas Tech University to meet credit by examination provider requirements in accordance with §74.24(c)(5). Recently amended administrative rules for credit by examination permit an examination provider to obtain approval from the State Board of Education (SBOE) to demonstrate comparable results over a specified number of years if the number of students who take an examination in a given year is not sufficient to determine comparable results for all subgroups. Statutory authority for this action is the Texas Education Code (TEC), §7.102(c)(12) and §28.023.
(3) Per Capita Apportionment Rate for the 2018-2019 School Year
(Committee on School Finance/Permanent School Fund)
The board is responsible for setting a per capita apportionment rate for each 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 2018-2019 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).
(4) Ratification of the Purchases and Sales of the Investment Portfolio of the Permanent School Fund for the Months of May, June, and July 2018
(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 2018. Statutory authority for this action is the Texas Constitution, Article VII, §5(f).
(5) 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 committee and board to review the requirement in Article VII, §5(a)(2) that the total amount distributed over ten years cannot exceed the total return on all investment assets of the PSF over the same ten-year-period. The board will determine whether transfers may be made from the Permanent School Fund to the Available School Fund in fiscal year 2019. Statutory authority for this action is the Texas Constitution, Article VII, §5(f).
(6) 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).