June 2018 Consent Agenda

STATE BOARD OF EDUCATION
June 15, 2018

(1) 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 committee and board to review and adopt the long-term strategic asset allocation plan of the Permanent School Fund. Statutory authority is Texas Constitution, Article VII, §5(f).

(2) Review of the Report on Permanent School Fund Percentage Distribution Rates Under Consideration for Fiscal Years 2020 and 2021
(Committee of the Full Board)

This item provides an opportunity for the committee and board to evaluate and approve the report on Permanent School Fund percentage distribution rates under consideration 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 material needs for the 2020-2021 biennium. Statutory authority is Texas Constitution, Article VII, §5.

(3) 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 year based on an estimate of the amount available for expenditures from the Available School Fund. The board adopted a preliminary 2017-2018 per capita apportionment rate of $206.566 in September 2017. Agency staff members will propose a recommended rate of $206.566 for the 2017-2018 school year at the June 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 March and April 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 March and April 2018. Statutory authority for this action is the Texas Constitution, Article VII, §5(f).

(5) 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).

(6) Review of the Permanent School Fund Real Estate Annual Tactical Plan
(Committee on School Finance/Permanent School Fund)

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

(7) Review of the Permanent School Fund Private Equity Investment Policy and Guidelines
(Committee on School Finance/Permanent School Fund)

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

(8) Review of the Bond Guarantee Program Charter Capacity
(Committee on School Finance/Permanent School Fund)

This item provides an opportunity for the committee and board to receive a presentation on the bond guarantee program’s charter capacity. Statutory authority for this action is the Texas Education Code (TEC), §45.053 and §45.0532.

(9) Adoption of Review of 19 TAC Chapter 61, School Districts, Subchapter A, Board of Trustees Relationship
(Adoption of Review)
(Committee on School Initiatives)

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 review of 19 TAC Chapter 61, School Districts, Subchapter A, Board of Trustees Relationship. The rules being reviewed specify requirements for continuing education for school board trustees and nominating trustees for military reservation school districts and Boys Ranch Independent School District (ISD). The statutory authority for the rule review is Texas Government Code, §2001.039. The statutory authority for 19 TAC Chapter 61, Subchapter A, is the Texas Education Code (TEC), §11.159 and §11.352.