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A JOINT RESOLUTION
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proposing a constitutional amendment authorizing Webb County to |
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delegate its authority to manage and dispose of county school land |
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and invest and manage the proceeds from the county permanent school |
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fund. |
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BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 6, Article VII, Texas Constitution, is |
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amended to read as follows: |
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Sec. 6. (a) All lands heretofore, or hereafter granted to |
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the several counties of this State for educational purposes, are of |
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right the property of said counties respectively, to which they |
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were granted, and title thereto is vested in said counties, and no |
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adverse possession or limitation shall ever be available against |
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the title of any county. Each county may sell or dispose of its |
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lands in whole or in part, in manner to be provided by the |
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Commissioners Court of the county. Said lands, and, except as |
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provided by Subsection (b) of this section, the proceeds thereof, |
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when sold, shall be held by said counties alone as a trust for the |
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benefit of public schools therein; said proceeds to be invested in |
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bonds of the United States, the State of Texas, or counties in said |
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State, or in such other securities, and under such restrictions as |
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may be prescribed by law; and the counties shall be responsible for |
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all investments; the interest thereon, and other revenue, except |
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the principal shall be available fund. |
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(b) Webb County may enter into an agreement with the school |
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districts for which Webb County holds lands in trust under this |
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section under which Webb County delegates to a committee whose |
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membership consists of members of the boards of trustees of the |
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school districts to: |
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(1) sell, lease, manage, or otherwise dispose of the |
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lands held in trust; |
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(2) develop or sell the rights to natural resources or |
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minerals in the lands held in trust; and |
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(3) invest and manage all or part of the proceeds of |
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Webb County's permanent school fund. |
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(c) The proceeds from a disposition of land authorized under |
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Subsection (b) of this section shall be held by Webb County as a |
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trust for the benefit of the school districts as provided by |
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Subsection (a) of this section. |
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(d) The committee described in Subsection (b) of this |
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section shall consist of one trustee appointed by each of the school |
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districts for which the lands are held in trust by Webb County under |
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this section. Additional trustees from each school district shall |
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be appointed to the committee based on the school district's |
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average daily attendance at a rate of one trustee per 15,000 |
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students. |
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SECTION 2. This proposed constitutional amendment shall be |
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submitted to the voters at an election to be held November 2, 2021. |
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The ballot shall be printed to permit voting for or against the |
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proposition: "The constitutional amendment to authorize Webb |
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County to enter into an agreement to delegate its authority |
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regarding the management and disposition of county school lands |
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from Webb County to the school districts for which the lands are |
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held in trust and to delegate its authority to invest and manage |
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proceeds of Webb County's permanent school fund from Webb County to |
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the school districts for which the lands are held in trust." |