September 2015 Consent Agenda

STATE BOARD OF EDUCATION
September 11, 2015

(1) Per Capita Apportionment Rate for the 2015-2016 School Year
(Committee on School Finance/Permanent School Fund)

The board is responsible for setting a per capita apportionment rate for each school year based on an estimate of the amount available for expenditures from the Available School Fund. Agency staff members will propose a recommended revised rate for the 2015-2016 school year at the September meeting of the Committee on School Finance/Permanent School Fund. Statutory authority for this action is the Texas Education Code (TEC), §42.004 and §43.001(b).

(2) Ratification of the Purchases and Sales of the Investment Portfolio of the Permanent School Fund for the Months of June and July 2015
(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 June and July 2015. Statutory authority for this action is the Texas Constitution, Article VII, §5(f).

(3) Determination as to Whether Transfers May be Made from the Permanent School Fund to the Available School Fund
(Committee on School Finance/Permanent School Fund)

This item provides an opportunity for the committee and board to review the requirement in Article VII, §5(a)(2) that the total amount distributed over 10 years cannot exceed the total return on all investment assets of the PSF over the same 10 year period. The board will determine whether transfers may be made from the Permanent School Fund to the Available School Fund in fiscal year 2016. Statutory authority for this action is the Texas Constitution, Article VII, §5.

(4) 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).

(5) Permanent School Fund Private Equity Program Structure
(Committee on School Finance/Permanent School Fund)

This item provides an opportunity for the committee and board to consider options regarding the private equity program structure. Statutory authority for this action is the Texas Constitution, Article VII, §5(f).

(6) Recommendation for Appointments to the Fort Sam Houston Independent School District Board of Trustees
(Committee on School Initiatives)

This item provides an opportunity for board consideration of appointments to the board of trustees of the Fort Sam Houston Independent School District. The appointments are necessary due to the vacancies of office for three board members. Statutory authority for this action is the Texas Education Code (TEC), §11.352, and 19 Texas Administrative Code (TAC) §61.2.