July 2014 Consent Agenda

 (1)    Review and Adoption of the Long-Term Strategic Asset Allocation Plan of the Permanent School Fund
(Committee of the Full Board)

This item provides an opportunity for the board to review and adopt the long-term strategic asset allocation plan of the Permanent School Fund. Statutory authority for this action is the Texas Constitution, Article VII, §5(f).

(2)    Review of the Report on Permanent School Fund Percentage Distribution Rates Under Consideration for Fiscal Years 2016 and 2017
(Committee of the Full Board)

This item provides an opportunity for the board to evaluate and approve the report on Permanent School Fund percentage distribution rates under consideration for fiscal years 2016 and 2017. Statutory authority for this action is the Texas Constitution, Article 7, Section 5.

(3)    Adoption of Review of 19 TAC Chapter 109, Budgeting, Accounting, and Auditing
(Adoption of Review)

(Committee on School Finance/Permanent School Fund)
 

Texas Government Code, §2001.039, establishes a four-year rule review cycle for all state agency rules, including State Board of Education (SBOE) rules. This item presents the adoption of the review of SBOE rules in 19 TAC Chapter 109, Budgeting, Accounting, and Auditing, Subchapters A-D. The rules being reviewed provide requirements for school districts relating to budgeting, accounting, financial reporting, and auditing; Texas Education Agency (TEA) financial review functions; adoption by reference of the Financial Accountability System Resource Guide (FASRG); and the bank bid and proposal forms and the depository contract and surety bond forms. The statutory authority for the rule review is Texas Government Code, §2001.039. The statutory authority for 19 TAC Chapter 109 is the Texas Education Code (TEC), §§7.102(c)(32), 44.001, 44.002, 44.007, and 44.008, for Subchapter A; TEC, §§7.102(c)(32), 42.152(q), 44.001, 44.008, and 44.010, for Subchapter B; TEC, §§7.055(b), 7.102(c)(32), 44.001, 44.007, and 44.008, for Subchapter C; and TEC, §§7.102(c)(34), 45.206, and 45.208, for Subchapter D.

(4)    Adoption of an Annual Report on the Status of the Bond Guarantee Program
(Committee on School Finance/Permanent School Fund)

This item provides an opportunity for the committee and board to adopt an annual report on the status of the Bond Guarantee Program. Statutory authority for this action is the Texas Constitution, Article VII, §5(f).

(5)    Ratification of the Purchases and Sales of the Investment Portfolio of the Permanent School Fund for the Months of March, April and May 2014
(Committee on School Finance/Permanent School Fund)

This item provides an opportunity for the committee and board to consider approval of the purchases and sales of investments executed in the portfolio of the Permanent School Fund for the months of March, April and May 2014. Statutory authority for this action is the Texas Constitution, Article VII, §5(f).

(6)    Decision on Real Estate Investments
(Committee on School Finance/Permanent School Fund)

This item provides an opportunity for the committee and board to review and consider possible real estate investments. Statutory authority for this action is the Texas Constitution, Article VII, §5(f).

(7)    Decision on Private Markets Benchmarks
(Committee on School Finance/Permanent School Fund)

This item provides an opportunity for the committee and board to review and approve the private markets benchmarks for real estate and private equity.  The board may amend the Permanent School Fund Investment Procedures Manual to reflect any changes. Statutory authority for this action is the Texas Constitution, Article VII, §5(f).

(8)    Decision on Absolute Return Investments
(Committee on School Finance/Permanent School Fund)

This item provides an opportunity for the committee and board to review the absolute return portfolios managed for the Permanent School Fund.  The board will consider contract extensions where appropriate and possible termination of absolute return fund of fund managers. Statutory authority for this action is the Texas Constitution, Article VII, §5(f).

(9)    Recommendation for Appointment to the Lackland Independent School District Board of Trustees
(Committee on School Initiatives)

This item provides an opportunity for board consideration of an appointment to the board of trustees of the Lackland Independent School District. The appointment is necessary due to the expiration of the term of office for one board member. Statutory authority for this action is the Texas Education Code (TEC), §11.352, and 19 Texas Administrative Code (TAC) §61.2.

(10) Adoption of Review of 19 TAC Chapter 61, School Districts, Subchapter A, Board of Trustees Relationship
(Adoption of Review)
(Committee on School Initiatives)

Texas Government Code, §2001.039, establishes a four-year rule review cycle for all state agency rules, including State Board of Education (SBOE) rules. This item presents the adoption of the review of 19 TAC Chapter 61, School Districts, Subchapter A, Board of Trustees Relationship. The rules being reviewed specify requirements for continuing education for school board trustees and nominating trustees for military reservation school districts and Boys Ranch Independent School District (ISD). The statutory authority for the rule review is Texas Government Code, §2001.039. The statutory authority for 19 TAC Chapter 61, Subchapter A, is Texas Education Code (TEC), §11.159 and §11.352.