Bill:  SB 1232 
Legislative Session: 87(R) Council Document: 87R 9084 KJE-D
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Last Action:06/16/2021 E See remarks for effective date
Caption Version:Enrolled
Caption Text:Relating to the management and investment of the permanent school fund, including authorizing the creation of the Texas Permanent School Fund Corporation to manage and invest the fund and limiting the authority of the School Land Board to manage and invest the fund if the corporation is created.
Author:Taylor
Sponsor:Bonnen
Subjects:Education--Primary & Secondary--Finance (I0250)
Governor (I0375)
Public Lands, Buildings & Resources (I0630)
State Agencies, Boards & Commissions--Newly Proposed (I0773)
State Finances--Management & Control (I0748)
PERMANENT SCHOOL FUND (S0407)
COMPTROLLER OF PUBLIC ACCOUNTS (V2608)
EDUCATION, STATE BOARD OF (V0086)
GENERAL LAND OFFICE (V2808)
PERMANENT SCHOOL FUND CORPORATION, TEXAS (V107X)
PERMANENT SCHOOL FUND INVESTMENT MANAGEMENT ORGANIZATION (VL23G)
SCHOOL LAND BOARD (V0103)
Remarks:This Act takes effect September 1, 2021, except Article 2 takes effect December 31, 2022, but only if the State Board of Education incorporates the Texas Permanent School Fund Corporation under Subchapter B, Chapter 43, Education Code, as added by this Act, on or before that date. If the State Board of Education does not incorporate the Texas Permanent School Fund Corporation on or before December 31, 2022, Article 2 has no effect.
Senate Committee:Education
Status:Out of committee
Vote:Ayes=10   Nays=0   Present Not Voting=0   Absent=1
House Committee:Appropriations
Status:Out of committee
Vote:Ayes=19   Nays=0   Present Not Voting=0   Absent=8
Actions: (ascending date order)
Viewing Votes: Most Recent House Vote | Most Recent Senate Vote
Description Comment Date       Time       Journal Page
S   Received by the Secretary of the Senate      03/09/2021    
S   Filed      03/09/2021    
S   Read first time      03/18/2021     317
S   Referred to Education      03/18/2021     317
S   Scheduled for public hearing on . . .      04/15/2021    
S   Considered in public hearing      04/15/2021    
S   Testimony taken in committee      04/15/2021    
S   Left pending in committee      04/15/2021    
S   Considered in public hearing      04/28/2021    
S   Reported favorably as substituted      05/03/2021     1129
S   Committee report printed and distributed      05/03/2021   12:47 PM 
S   Placed on intent calendar      05/04/2021    
S   Rules suspended-Regular order of business      05/06/2021     1294
S   Read 2nd time      05/06/2021     1294
S   Amendment(s) offered   FA1 Taylor   05/06/2021     1294
S   Amended      05/06/2021     1295
S   Vote recorded in Journal      05/06/2021     1295
S   Passed to engrossment as amended      05/06/2021     1295
S   Vote recorded in Journal      05/06/2021     1295
S   Three day rule suspended      05/06/2021     1295
S   Record vote      05/06/2021     1295
S   Read 3rd time      05/06/2021     1295
S   Passed      05/06/2021     1295
S   Record vote      05/06/2021     1295
S   Reported engrossed      05/06/2021     1312
H   Received from the Senate      05/06/2021     2499
H   Read first time      05/11/2021     2823
H   Referred to Appropriations      05/11/2021   02:45 PM  2823
H   Scheduled for public hearing on . . .      05/18/2021    
H   Considered in public hearing      05/18/2021    
H   Testimony taken/registration(s) recorded in committee      05/18/2021    
H   Left pending in committee      05/18/2021    
H   Considered in formal meeting      05/19/2021    
H   Reported favorably w/o amendment(s)      05/19/2021    
H   Comte report filed with Committee Coordinator      05/20/2021     3763
H   Committee report distributed      05/20/2021   04:52 PM 
H   Committee report sent to Calendars      05/21/2021    
H   Considered in Calendars      05/23/2021    
H   Placed on Major State Calendar      05/25/2021    
H   Read 2nd time      05/25/2021     4007
H   Amended   1-Bonnen   05/25/2021     4007
H   Passed to 3rd reading as amended      05/25/2021     4008
H   Read 3rd time      05/26/2021     4112
H   Amended   1-Bonnen   05/26/2021     4113
H   Passed as amended      05/26/2021     4113
H   Record vote   RV#1508   05/26/2021     4113
H   Statement(s) of vote recorded in Journal      05/26/2021     4114
S   House passage as amended reported      05/27/2021     2493
S   House amendment(s) laid before the Senate      05/29/2021     2861
S   Read      05/29/2021     2862
S   Senate concurs in House amendment(s)      05/29/2021     2862
S   Record vote      05/29/2021     2862
H   Senate concurs in House amendment(s)-reported      05/29/2021     5157
S   Reported enrolled      05/31/2021     3188
H   Signed in the House      05/31/2021     5514
S   Signed in the Senate      05/31/2021     3186
E   Sent to the Governor      06/01/2021     3188
E   Signed by the Governor      06/16/2021     3190
E   See remarks for effective date      06/16/2021