Tex. Nat. Res. Code § 51.412 · Subchapter I. ACQUISITION OF PUBLIC SCHOOL LAND
REPORT ON USE OF CERTAIN MONEY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Not later than September 1 of each even-numbered year, the board shall submit to the legislature, the Texas Permanent School Fund Corporation, and the Legislative Budget Board a report that, specifically and in detail, assesses the direct and indirect economic impact, as anticipated by the board, of the use of funds:
(1) retained by the board as provided by Section 51.011(a-3); or
(2) designated under Section 51.401 for deposit in the real estate special fund account of the permanent school fund.
(b) The board may not disclose information under this section that is confidential under applicable state or federal law.
(c) The report must include the following information:
(1) the total amount of the funds designated by Section 51.401 for deposit in the real estate special fund account of the permanent school fund that the board intends to use in a manner authorized under Section 51.402;
(2) the amount of funds retained by the board as provided by Section 51.011(a-3) and the purposes for which the board intends to use those funds;
(3) the amount of the funds the board expects to distribute to the available school fund or the Texas Permanent School Fund Corporation for investment in the permanent school fund under Section 51.413;
(4) the amounts of all fees or other compensation paid by the board to investment consultants and advisors appointed or organizations contracted with under Section 51.4021; and
(5) any other information the board considers necessary to include in the report.
Notes and commentary — not statutory text
History
Added by Acts 2005, 79th Leg., Ch. 1098 (H.B. 2217), Sec. 9, eff. June 18, 2005.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 1368 (H.B. 3699), Sec. 7, eff. June 15, 2007.
Acts 2019, 86th Leg., R.S., Ch. 524 (S.B. 608), Sec. 10, eff. September 1, 2019.
Acts 2021, 87th Leg., R.S., Ch. 875 (S.B. 1232), Sec. 2.07, eff. December 31, 2022.
Acts 2021, 87th Leg., R.S., Ch. 875 (S.B. 1232), Sec. 2.08, eff. December 31, 2022.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/NR/htm/NR.51.htm
- Text hash
- sha256 0fcea13c9e2e3a0823cde0966fd694311fe5b5d4c2cdecddd5f2987fbe0d9381
- 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.
Natural Resources Code
- Tex. Nat. Res. Code § 51.011MANAGEMENT OF PUBLIC SCHOOL LAND.Printed as Section 51.011
- Tex. Nat. Res. Code § 51.401REAL ESTATE SPECIAL FUND ACCOUNT.Printed as Section 51.401
- Tex. Nat. Res. Code § 51.402USE OF DESIGNATED FUNDS.Printed as Section 51.402
- Tex. Nat. Res. Code § 51.4021APPOINTMENT OF INVESTMENT CONSULTANTS OR ADVISORS.Printed as Section 51.4021
- Tex. Nat. Res. Code § 51.413TRANSFERS FROM THE REAL ESTATE SPECIAL FUND ACCOUNT TO THE AVAILABLE SCHOOL FUND AND THE PERMANENT SCHOOL FUND.Printed as Section 51.413
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.