Tex. Educ. Code § 43.052 · Subchapter B. TEXAS PERMANENT SCHOOL FUND CORPORATION
CREATION OF CORPORATION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The State Board of Education may incorporate the Texas Permanent School Fund Corporation and delegate to the corporation the board's authority to manage and invest:
(1) the permanent school fund under Section 43.003; and
(2) the charter district bond guarantee reserve fund under Section 45.0571.
(b) The State Board of Education shall adopt the initial articles of incorporation for the corporation.
(c) The corporation is a special-purpose governmental corporation and instrumentality of the state with necessary and implied powers to accomplish its purpose. The corporation is subject to regulation and limitation only as provided by this subchapter.
Notes and commentary — not statutory text
History
Added by Acts 2021, 87th Leg., R.S., Ch. 875 (S.B. 1232), Sec. 1.06, eff. September 1, 2021.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/ED/htm/ED.43.htm
- Text hash
- sha256 31c294a1f2f8b0b7124b6dacfe6ed8bf6b3c3b894e155739198c9f84c032ad6e
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
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