Sec. 43.0052. QUARTERLY REPORTS. Each quarter, the State Board of Education shall provide to the School Land Board a financial report on the portion of the permanent school fund assets and funds for which the State Board of Education is responsible. The report must include:
(1) target and actual asset allocations, by asset type, based on fair market value or net asset value;
(2) investment performance by asset type;
(3) benchmarks and benchmark performances; and
(4) costs of implementing and administering the permanent school fund liquid account under Section 51.414, Natural Resources Code, including costs associated with contracts for:
(A) professional investment management;
(B) investment advisory services; and
(C) custodial services for the account.
Added by Acts 2019, 86th Leg., R.S., Ch. 493 (H.B. 4388), Sec. 1, eff. September 1, 2019.
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