Texas § ED.43.063 - GENERAL POWERS AND DUTIES OF CORPORATION
Full text of Texas The Texas Constitution § ED.43.063 — GENERAL POWERS AND DUTIES OF CORPORATION, with citation guidance and answers to common questions.
§ ED.43.063. GENERAL POWERS AND DUTIES OF CORPORATION
GENERAL POWERS AND DUTIES OF CORPORATION. (a) The corporation may amend the articles of incorporation adopted by the State Board of Education when the corporation was established, subject to board approval. (b) The corporation may adopt and amend: (1) subject to State Board of Education approval, bylaws for the corporation; (2) resolutions and policies of the corporation; and (3) any other document necessary to carry out the corporation's purpose. (c) The corporation may engage in any activity necessary to manage the investments of the permanent school fund, including entering into any contract in connection with the investment of the permanent school fund, to the extent the activity complies with applicable fiduciary duties. (d) The corporation shall make all purchases of goods and services in accordance with applicable fiduciary duties and may use purchasing methods that ensure the best value to the corporation. In determining best value, the corporation may consider the best value standards applicable to state agencies under Section 2155.074 , Government Code. (e) The corporation may: (1) delegate investment authority for the investment of the permanent school fund to one or more private professional investment managers; or (2) contract with one or more private professional investment managers to assist the corporation in making investments of the permanent school fund. (f) The corporation may receive, transfer, and disburse money and securities of the fund as provided by statute or the Texas Constitution, except that the corporation may not distribute money from the permanent school fund to the available school fund except as authorized under Section 43.066 . (g) The corporation may enter into a contract with a state agency, a governmental body, or another entity to manage or invest funds on behalf of the agency, body, or entity. Added by Acts 2021, 87th Leg., R.S., Ch. 875 (S.B. 1232 ), Sec. 1.06, eff. September 1, 2021.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § ED.43.063
What does The Texas Constitution § ED.43.063 cover?
Section ED.43.063 ("GENERAL POWERS AND DUTIES OF CORPORATION") 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.43.063?
A common citation format is "The Texas Constitution § ED.43.063" (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.43.063 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.