June 2023 Committee on School Finance/Permanent School Fund

THURSDAY
June 22, 2023

10:00 a.m. or upon adjournment of the PSF Corporation Meeting

COMMITTEE ON SCHOOL FINANCE/PERMANENT SCHOOL FUND – Room 1-104

Members: Tom Maynard, chair; Marisa Perez-Diaz, vice chair; Keven Ellis; Patricia Hardy; Aaron Kinsey. A quorum of the State Board of Education may attend the committee meeting and discuss items on the committee agenda. A quorum of the Committee of Investment Advisors to the Permanent School Fund may attend the committee meeting and discuss items on the committee agenda.

Public testimony – Individual testimony will be taken at the time the related item comes up for committee discussion or action. The procedures for public testimony at State Board of Education committee meetings and general board meetings are provided in SBOE Operating Rules.

1. Per Capita Apportionment Rate for the 2022-2023 School Year

A per capita apportionment rate for each school year is set by the commissioner of education based on an estimate of the amount available for expenditure from the Available School Fund (ASF). A preliminary 2022–2023 per capita apportionment rate of $629.518 was set in September 2022. A final per capita apportionment rate is set by commissioner of education based on actual funds available for expenditure. Agency staff will present the final rate for the 2022–2023 school year at the June 2023 meeting of the Committee on School Finance/Permanent School Fund. Statutory authority is the Texas Education Code (TEC), §§48.004, 48.251(c), and 43.001(b).

COMMITTEE – DISCUSSION
SBOE – NO ACTION

2. Review the Process to Consider Board Member Nominees for a School Land Board Position

This item provides an opportunity for the committee and board to review the process to consider nominees for a School Land Board position. Statutory authority is the Texas Constitution, Article VII, §2 and §5; and Natural Resources Code (NRC), §32.012; and Texas Government Code (TGC), §825.003.

COMMITTEE – ACTION
SBOE – CONSENT