Proposing a constitutional amendment to create the Permanent School Fund Management Council to assume the duty of the State Board of Education to manage the permanent school fund and to allow the School Land Board to transfer funds from the permanent school fund to the available school fund.
Impact
This measure would impact state laws by formalizing the transition of fund management responsibilities. The Permanent School Fund is critical in providing financial support for public education in Texas, and the establishment of a dedicated management council may enhance accountability and transparency in fund operations. With this change, there may be increased efficiency in how the Permanent School Fund’s investments are made and managed, allowing for a longer-term perspective that could benefit educational funding.
Summary
HJR77 proposes a constitutional amendment to establish the Permanent School Fund Management Council, which would take over the responsibilities of managing the Permanent School Fund from the State Board of Education. This amendment aims to create a more specialized and dedicated governance structure for the management of funds dedicated to public education, allowing for potentially better investment decisions and fund utilization.
Contention
An important point of contention surrounding HJR77 is the debate over whether the State Board of Education or a separate management council is more suited to handle the complexities of fund management. Proponents argue that a dedicated council will facilitate more focused and effective oversight, while opponents may express concerns regarding the removal of decision-making from a body that has broader educational responsibilities. The proposed amendment will also be subject to voter approval, which could lead to discussions about the public's trust in educational governance.
Proposing a constitutional amendment reducing The University of Texas System's share of the income and other benefits of the permanent university fund, transferring to the national research university fund and general revenue fund a portion of the annual distribution made from the permanent university fund to the available university fund, appropriating the portion transferred to the national research university fund, and dedicating the portion transferred to the general revenue fund to provide for the support and maintenance of public institutions of higher education.
Proposing a constitutional amendment dedicating to the national research university fund a portion of certain income from the lease for oil and gas exploration of land dedicated to the permanent university fund.
Proposing a constitutional amendment creating the state school safety fund to provide ongoing financial support for projects that ensure the safety of public schools in this state and providing for the transfer of certain general revenues to that fund, the economic stabilization fund, and the state highway fund.
Proposing a constitutional amendment creating the state school safety fund to provide financial support for projects that enhance the safety of public schools in this state.
Relating to measures for ensuring safety and security in public schools, including the establishment of a school safety grant program and a school safety plan implementation grant program, and the allocation of certain constitutional transfers of money to the state school safety fund, the economic stabilization fund, and the state highway fund.
Proposing a constitutional amendment to entitle all component institutions of The Texas A&M University System and The University of Texas System to participate in the income and other benefits of the permanent university fund.
Relating to the admission to public schools of children unlawfully present in the United States and the eligibility of those children for the benefits of the available school fund and Foundation School Program.
Relating to the admission to public schools of children unlawfully present in the United States and the eligibility of those children for the benefits of the available school fund and Foundation School Program.
Proposes temporary constitutional amendment allowing State constitutional convention convened to reform system of property taxation to propose statutory changes.
Proposes temporary constitutional amendment allowing State constitutional convention convened to reform system of property taxation to propose statutory changes.