June 25, 2024 Committee of the Full Board Item 1

Introduction of and Discussion with the Texas Permanent School Fund Corporation Chief Executive Officer

June 25, 2024

COMMITTEE OF THE FULL BOARD: DISCUSSION
STATE BOARD OF EDUCATION: NO ACTION

SUMMARY: This item provides an opportunity for the State Board of Education to meet and have a discussion with  the Texas Permanent School Fund Corporation’s Chief Executive Officer, Robert Borden.

STATUTORY AUTHORITY: Texas Constitution, Article VII, §2 and §5.

The Texas Constitution, Article VII, §2 and §5 establish the permanent school fund, the assets that comprise the permanent school fund, the bond guarantee program, the available school fund, and authorize the State Board of Education (SBOE) to manage the permanent school fund.

The full text of statutory citations can be found in the statutory authority section of this agenda.

BACKGROUND INFORMATION AND JUSTIFICATION: At the November 16, 2023, meeting of the Texas Permanent School Fund Corporation Board of Directors, the board selected Robert Borden as the new Chief Executive Officer.

Staff Member Responsible:
Robert L. Borden, Chief Executive Officer, Texas Permanent School Fund Corporation