November 2025 Committee on School Finance/Permanent School Fund
THURSDAY
November 20, 2025
9:00 a.m.
COMMITTEE ON SCHOOL FINANCE/PERMANENT SCHOOL FUND – Room 2.034
Members: Tom Maynard, chair; Marisa Perez-Diaz, vice chair; Keven Ellis; Will Hickman; and Aaron Kinsey. A quorum of the State Board of Education may attend the committee meeting and discuss items on the committee agenda. A quorum of the Texas Permanent School Fund Corporation Board of Directors (the “Texas PSF Board”) may be in attendance at this meeting. The Texas PSF Board will not convene during this time. Members of the Texas PSF Board will be acting on behalf of the State Board of Education (“SBOE”) in their statutory role as SBOE members and will solely deliberate and act on matters of the SBOE.
Public testimony – Individual testimony will be taken at the time the related item comes up for committee discussion or action. The procedures for public testimony at State Board of Education committee meetings and general board meetings are provided in SBOE Operating Rules.
This item provides an opportunity for the committee to discuss proposed revisions to 19 Texas Administrative Code (TAC) Chapter 109, Budgeting, Accounting, and Auditing, Subchapter B, Texas Education Agency Audit Functions, §109.25, State Compensatory Education Program Reporting and Auditing System, and Subchapter D, Uniform Bank Bid or Request for Proposal and Depository Contract. The proposed revisions would repeal §109.25, whose statutory authority, Texas Education Code (TEC), §48.104(j-1), (k), (l), (m), (n), and (o), was removed by House Bill (HB) 2, 89th Texas Legislature, Regular Session, 2025. The proposed revisions would also align language in Subchapter D with TEC, §45.208, which no longer requires depository contracts to be submitted to the Texas Education Agency (TEA). Statutory authority is HB 2, Section 7.24, 89th Texas Legislature, Regular Session, 2025; and (TEC), §45.208.
COMMITTEE – DISCUSSION
SBOE – NO ACTION
This item provides an opportunity for the committee to discuss a proposed amendment to 19 Texas Administrative Code (TAC) Chapter 109, Budgeting, Accounting, and Auditing, Subchapter C, Adoptions By Reference, §109.41, Financial Accountability System Resource Guide. The proposed amendment would adopt by reference the updated Financial Accountability System Resource Guide (FASRG), which includes annual updates and removes information related to the compensatory education allotment to align with House Bill 2, 89th Texas Legislature, Regular Session, 2025. Statutory authority is the Texas Education Code (TEC), §§7.102(c)(32), 44.001(a) and (b), 44.007(a)-(d), and 44.008(b).
COMMITTEE – DISCUSSION
SBOE – NO ACTION
3. Approval of Costs to Administer the 2025–2026 State-Developed Assessments to Private School Students
Texas Education Code, §39.033, allows a private school to voluntarily assess its students with the State of Texas Assessments of Academic Readiness (STAAR®) and the Texas English Language Proficiency Assessment System (TELPAS) assessments. The State Board of Education (SBOE) must approve the per-student cost to private schools, which may not exceed the cost of administering the same assessment to a student enrolled in a public-school district. This item requests approval of these costs for the 2025–2026 school year. Statutory authority is the Texas Education Code (TEC), §39.033.
COMMITTEE - ACTION
SBOE - CONSENT