Tex. Educ. Code § 43.059 · Subchapter B. TEXAS PERMANENT SCHOOL FUND CORPORATION
APPLICABILITY OF CERTAIN LAWS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Except as otherwise provided by and to the extent consistent with this subchapter, Title 1, Business Organizations Code, and Chapter 22, Business Organizations Code, apply to the corporation.
(b) Subject to Section 43.060, the corporation is a governmental body for purposes of Chapter 551, Government Code.
(c) The corporation is exempt from:
(1) Chapters 654 and 660, Government Code, and Subchapter K, Chapter 659, Government Code, to the extent the board of directors determines that an exemption from those provisions is necessary for the corporation to perform the board's fiduciary duties under this subchapter;
(2) all state laws regulating or limiting purchasing by state agencies, including Subtitle D, Title 10, Government Code, and Chapters 2254, 2261, and 2262, Government Code;
(3) the franchise tax under Chapter 171, Tax Code; and
(4) any filing costs or other fees imposed by the state on a corporation.
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 7b4ecc02f91f53062a10c933969cacfa75cb82b24f7d3a563af47679cc2d9290
- 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
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Business Organizations Code
Government Code
- Tex. Gov't Code ch. 551OPEN MEETINGSPrinted as Chapter 551, Government Code
- Tex. Gov't Code ch. 659, subch. KPROMOTIONS, RECLASSIFICATIONS, AND OTHER ADJUSTMENTS TO SALARYPrinted as Subchapter K, Chapter 659, Government Code
- Tex. Gov't Code tit. 10GENERAL GOVERNMENTPrinted as Title 10, Government Code
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.