Texas § ED.43.005 - EXTERNAL INVESTMENT MANAGERS
Full text of Texas The Texas Constitution § ED.43.005 — EXTERNAL INVESTMENT MANAGERS, with citation guidance and answers to common questions.
§ ED.43.005. EXTERNAL INVESTMENT MANAGERS
EXTERNAL INVESTMENT MANAGERS. (a) The State Board of Education may contract with private professional investment managers to assist the board in making investments of the permanent school fund. A contract under this subsection must be approved by the board or otherwise entered into in accordance with board rules relating to contracting authority. (b) The State Board of Education by rule may delegate a power or duty relating to the investment of the permanent school fund to a committee, officer, employee, or other agent of the board. Added by Acts 1995, 74th Leg., ch. 260, Sec. 1, eff. May 30, 1995.
Frequently Asked Questions About Texas § ED.43.005
What does The Texas Constitution § ED.43.005 cover?
Section ED.43.005 ("EXTERNAL INVESTMENT MANAGERS") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § ED.43.005?
A common citation format is "The Texas Constitution § ED.43.005" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § ED.43.005 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.