CONSENT AGENDA
STATE BOARD OF EDUCATION
June 23, 2017

(1) Selection of Board Members to Serve on the Long-Range Plan Steering Committee
(Committee of the Full Board)

This item provides the committee and board with the opportunity to: approve the selection of the board members who will serve on the Long-Range Plan Steering Committee; discuss the nomination and selection process for additional members of the steering committee and discuss next steps in the development of a Long-Range Plan for Public Education. Statutory authority for this action is the Texas Education Code (TEC), §7.102(c)(1).

(2) Proposed Amendment to 19 TAC Chapter 105, Foundation School Program, Subchapter A, Definitions, §105.1, Rules for the Definition of Tax Levy and Tax Collection
(First Reading and Filing Authorization)
(Committee on School Finance/Permanent School Fund)

This item presents for first reading and filing authorization a proposed amendment to 19 TAC Chapter 105, Foundation School Program, Subchapter A, Definitions, §105.1, Rules for the Definition of Tax Levy and Tax Collection. The proposed amendment would ensure that the definition of tax collections for purposes of the Texas Education Code (TEC), §42.004, and as used in issuing additional state aid for ad valorem tax credits under the TEC, §42.2515, complies with Texas Tax Code, Chapter 313. Statutory authority for this action is the TEC, §42.004.

(3) Ratification of the Purchases and Sales of the Investment Portfolio of the Permanent School Fund for the Months of March and April 2017
(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 March and April 2017. Statutory authority for this action is the Texas Constitution, Article VII, §5(f).

(4) Update on Permanent School Fund Related Legislation
(Committee on School Finance/Permanent School Fund)

This item provides an opportunity for the committee and board to review legislation from the 85th Legislative Session related to the Permanent School Fund. The committee may take action based on the information. Statutory authority for this action is the Texas Constitution, Article VII, §5(f).

(5) 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).

(6) Review of the Permanent School Fund Private Market Policies and Real Estate Tactical Plan
(Committee on School Finance/Permanent School Fund)

This item provides an opportunity for the committee and board to review the private market policies and real estate tactical plan. The committee may take action based on this information. Statutory authority for this action is the Texas Constitution, Article VII, §5(f).

(7) Proposed Amendments to the Investment Procedures Manual
(Committee on School Finance/Permanent School Fund)

This item provides an opportunity for the committee and board to review and adopt proposed amendments to the Investment Procedures Manual. Statutory authority for this action is the Texas Constitution, Article VII, §5(f).

(8) Selection of Qualified Respondents to the Request for Qualifications (RFQ) for Fiduciary Counsel, Alternative Assets Portfolio/Contracting and Tax Counsel for the Permanent School Fund
(Committee on School Finance/Permanent School Fund)

This item provides an opportunity for the committee and board to review and approve a list of qualified candidates who responded to the request for qualifications (RFQ 701-17-026) for outside legal counsel for the State Board of Education and the Texas Permanent School Fund: fiduciary, investment contracting, real estate, tax and disclosure counsel. Statutory authority for this action is the Texas Constitution, Article VII, §5(f).

(9) Per Capita Apportionment Rate for the 2016-2017 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. The board adopted a preliminary 2016-2017 per capita apportionment rate of $390.186 in September 2016. Agency staff members will propose a recommended revised rate of $390.300 for the 2016-2017 school year at the June 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).