H.R. No. 2373
 
 
 
R E S O L U T I O N
         WHEREAS, B. Holland Timmins is retiring from his role as the
  chief executive officer of the Texas Permanent School Fund
  Corporation on May 31, 2023, drawing to a close an outstanding
  career in state investment that has spanned four decades; and
         WHEREAS, A seventh-generation Texan and the grandson of a
  public school history teacher, Mr. Timmins began his career serving
  the Lone Star State in 1983; over the course of his 23-year tenure
  with the Texas Permanent School Fund Corporation, the
  organization's value has grown from $17 billion to more than $50
  billion, and its returns have exceeded the benchmark and provided
  an additional value of $1.3 billion to the fund; and
         WHEREAS, Along the way, Mr. Timmins has partnered with the
  State Board of Education to achieve intergenerational equity for
  all students while protecting the Texas Permanent School Fund, and
  $18 billion has been distributed to public education over the last
  18 years; following the adoption of a constitutional amendment in
  2003, he worked with the State Board of Education to direct the
  transition of the fund from a traditional stocks-and-bonds
  income-based investment portfolio to a modern and diversified
  total-return investment portfolio; he has also overseen the
  successful transition of the Texas Permanent School Fund's assets
  and management to the Texas Permanent School Fund Corporation, a
  complex effort that merged investments and staff from two separate
  state entities into a stand-alone, top-tier corporation; and
         WHEREAS, Under this esteemed professional's able leadership,
  the Texas Permanent School Fund Corporation has earned numerous
  honors; the organization was named the Sovereign Wealth Fund of the
  Year at the 17th Annual Hedge Fund Industry Awards and the Global
  Real Estate Investor of the Year at the 2019 IPE Real Estate Global
  Conference & Awards; it has also been recognized with the
  Certificate of Achievement for Excellence in Financial Reporting by
  the Government Finance Officers Association for the past eight
  consecutive years; and
         WHEREAS, Throughout his career, Holland Timmins has greatly
  benefited the State of Texas and its public schools, and he has
  earned the lasting respect and admiration of his colleagues and
  fellow citizens alike; now, therefore, be it
         RESOLVED, That the House of Representatives of the 88th Texas
  Legislature hereby congratulate B. Holland Timmins on his
  retirement as the chief executive officer of the Texas Permanent
  School Fund Corporation and extend to him sincere best wishes for
  the future; and, be it further
         RESOLVED, That an official copy of this resolution be
  prepared for Mr. Timmins as an expression of high regard by the
  Texas House of Representatives.
 
  Goodwin
 
  ______________________________
  Speaker of the House     
 
         I certify that H.R. No. 2373 was adopted by the House on May
  26, 2023, by a non-record vote.
 
  ______________________________
  Chief Clerk of the House