Proposing a constitutional amendment to clarify references to the permanent school fund, to allow the General Land Office to distribute revenue derived from permanent school fund land or other properties to the available school fund, and to provide for an increase in the market value of the permanent school fund for the purpose of allowing increased distributions from the available school fund.
Impact
The amendment could significantly impact state laws concerning educational funding. By allowing the General Land Office to distribute up to 50 percent of the net revenue derived from the Permanent School Fund lands to the Available School Fund, it may provide a more flexible approach to financial management. This could potentially lead to increased funding for public schools and educational initiatives, depending on the performance of land sales and revenue generation.
Summary
HJR109 proposes a constitutional amendment aimed at clarifying the references to the Permanent School Fund in Texas. The bill seeks to revise existing provisions related to the management and distribution of revenues derived from the lands associated with the Permanent School Fund. Notably, it permits the legislature to direct the General Land Office to manage these lands more effectively and allocate a portion of the generated revenue to the Available School Fund. This decentralization of authority is expected to enhance the financial resources available for public education in Texas.
Contention
While the bill presents a forward-looking adjustment to the state's educational funding mechanisms, it may also spark debate over the management of state assets and priorities in educational funding. Some stakeholders might question the balance between ensuring adequate funding for schools and the need to maintain robust, long-term investments in the Permanent School Fund's land and properties. Discussions may revolve around the effectiveness of the General Land Office in distributing these funds and whether this approach ensures fair and adequate educational funding across all districts.
Enabled by
Relating to distribution by the School Land Board of revenue derived from permanent school fund land or other properties to the available school fund.
Similar
Proposing a constitutional amendment to clarify references to the permanent school fund, to allow the General Land Office to distribute revenue derived from permanent school fund land or other properties to the available school fund, and to provide for an increase in the market value of the permanent school fund for the purpose of allowing increased distributions from the available school fund.
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.
Proposing a constitutional amendment providing for the creation of the Texas legacy fund and the Texas legacy distribution fund, dedicating the Texas legacy distribution fund to certain state infrastructure projects or the reduction of certain long-term obligations, and providing for the transfer of certain general revenues to the economic stabilization fund, the Texas legacy 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.
Proposing a constitutional amendment to appropriate money from the general revenue fund to the foundation school fund and use the money to finance a temporary increase in the amount of the exemption of residence homesteads from ad valorem taxation by a school district and a temporary reduction in the amount of the limitation on school district ad valorem taxes imposed on the residence homesteads of the elderly or disabled to reflect the increased exemption amount.
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.