Jan-Feb 2018 Consent Agenda

STATE BOARD OF EDUCATION
February 2, 2018

(1) Adoption of Review of 19 TAC Chapter 105, Foundation School Program, Subchapter A, Definitions, and Subchapter B, Use of State Funds
(Adoption of Review)
(Committee on School Finance/Permanent School Fund)

Texas Government Code, §2001.039, establishes a four-year rule review cycle for all state agency rules, including State Board of Education (SBOE) rules. This item presents the adoption of the review of 19 TAC Chapter 105, Foundation School Program, Subchapter A, Definitions, and Subchapter B, Use of State Funds. The rules being reviewed provide for the use of Foundation School Program (FSP) funds. The statutory authority for the rule review is the Texas Government Code, §2001.039. The statutory authority for 19 TAC Chapter 105, Subchapter A, is the Texas Education Code (TEC), §42.004. The statutory authority for 19 TAC Chapter 105, Subchapter B, §105.11, is the TEC, §§42.151(h), 42.152(c), 42.153(b), 42.154(c), 42.1541, and 42.156(b). The statutory authority for 19 TAC Chapter 105, Subchapter B, §105.12, is the TEC, §42.004.

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

(3) 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).

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

(5) Proposed Amendment to 19 TAC Chapter 33, Statement of Investment Objectives, Policies, and Guidelines of the Texas Permanent School Fund, Subchapter A, State Board of Education Rules, §33.5, Code of Ethics
(First Reading and Filing Authorization)
(Committee on School Finance/Permanent School Fund)

This item presents for first reading and filing authorization proposed amendment to 19 TAC Chapter 33, Statement of Investment Objectives, Policies, and Guidelines of the Texas Permanent School Fund, Subchapter A, State Board of Education Rules, §33.5, Code of Ethics. The proposed amendment would improve and clarify how the rule applies to investments of the Permanent School Fund (PSF) in investment funds. Statutory authority for this action is the Texas Education Code (TEC), §§7.102(c)(31) and (33), 43.0031-43.0034, and 43.004; Texas Government Code, §2263.004; and the Texas Constitution, Article VII, §5(a)(2), (d), and (f).

(6) Review of Permanent School Fund Benchmarks
(Committee on School Finance/Permanent School Fund)

This item provides an opportunity for the committee and board to review the Permanent School Fund Benchmarks. The actions may include amendment to the Investment Procedures Manual. Statutory authority for this action is the Texas Constitution, Article VII, §5(f).

(7) Recommendation for Appointments to the Boys Ranch Independent School District Board of Trustees
(Committee on School Initiatives)

This item provides an opportunity for board consideration of two appointments to the board of trustees of the Boys Ranch Independent School District. The appointments are necessary due to the expiration of the term of office for two 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 Appointments to the Randolph Field Independent School District Board of Trustees
(Committee on School Initiatives)

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

(9) Recommendation for Appointment to the Fort Sam Houston 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 Fort Sam Houston Independent School District. The appointment is necessary due to the expiration 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.

(10) 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 expiration 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.