April 2023 Committee on School Finance/Permanent School Fund Item 3

Review the Processes  for Consideration of Board Member Nominees for State Board Positions

April 14, 2023

COMMITTEE ON SCHOOL FINANCE/PERMANENT SCHOOL FUND: ACTION
STATE BOARD OF EDUCATION: CONSENT

SUMMARY: This item provides an opportunity for the committee and board to review the processes for consideration of board member nominees for state board positions.

STATUTORY AUTHORITY: Texas Constitution, Article VII, §2 and §5; Natural Resources Code (NRC), §32.012; and Texas Government Code (TGC), §825.003.

The Texas Constitution, Article VII, §2 and §5 establish the permanent school fund, the assets that comprise the permanent school fund, the bond guarantee program, the available school fund, and authorize the State Board of Education (SBOE) to manage the permanent school fund.

NRC §32.012 provides that two of the citizens appointed to the School Land Board by the governor must be selected from the lists of nominees submitted by the SBOE.

TGC §825.003 provides that the governor shall appoint two members to the Teacher Retirement System Board of Trustees from the lists of nominees submitted by the SBOE.

The full text of statutory citations can be found in the statutory authority section of this agenda.

Staff Member Responsible:
Holland Timmins, Chief Executive Officer, Texas PSF Corporation