Texas § ED.45.113 - TRUST FOR COUNTY PERMANENT SCHOOL FUND
Full text of Texas The Texas Constitution § ED.45.113 — TRUST FOR COUNTY PERMANENT SCHOOL FUND, with citation guidance and answers to common questions.
§ ED.45.113. TRUST FOR COUNTY PERMANENT SCHOOL FUND
TRUST FOR COUNTY PERMANENT SCHOOL FUND. (a) Notwithstanding former Subchapter E, Chapter 17, as that subchapter existed on May 1, 1995, the commissioners court of a county may: (1) sell or otherwise dispose of county school lands in the manner determined by the court; (2) establish an irrevocable trust for the proceeds of a sale or other disposition under Subdivision (1); and (3) invest the principal of a trust created under Subdivision (2) in any investment permitted for other county funds under Chapter 2256 , Government Code. (b) The members of the commissioners court and their successors in office must be the sole trustees of a trust established under Subsection (a)(2). The trustees may not delegate the authority to manage or invest the trust but may contract with qualified persons for investment advice. (c) The principal of a trust established under Subsection (a)(2) constitutes a portion of the county permanent school fund and must be held in perpetuity for the benefit of the public schools in the county. The income of a trust established under Subsection (a)(2) constitutes a portion of the county available school fund and may be distributed as permitted by law. Added by Acts 2007, 80th Leg., R.S., Ch. 641 (H.B. 890 ), Sec. 1, eff. June 15, 2007.
Frequently Asked Questions About Texas § ED.45.113
What does The Texas Constitution § ED.45.113 cover?
Section ED.45.113 ("TRUST FOR COUNTY PERMANENT SCHOOL FUND") 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.45.113?
A common citation format is "The Texas Constitution § ED.45.113" (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.45.113 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.