Fabio
120 lines
6.2 KiB
Markdown
120 lines
6.2 KiB
Markdown
---
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type: "Bill"
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title: "Relating to the management and investment of the permanent school fund, including authorizing the creation of the Texas Permanent School Fund Corporation to manage and invest the fund and limiting the authority of the School Land Board to manage and invest the fund if the corporation is created."
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description: "Relating to the management and investment of the permanent school fund, including authorizing the creation of the Texas Permanent School Fund Corporation to manage and invest the fund and limiting the authority of the School Land Board to manage and invest the fund if the corporation is created."
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jurisdiction: "us/states/tx"
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legislature: "Texas Legislature"
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session: "87"
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identifier: "SB 1232"
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citation: "Texas SB 1232 (87)"
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classification: ["bill"]
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subjects: ["COMPTROLLER OF PUBLIC ACCOUNTS (V2608)", "EDUCATION", "STATE BOARD OF (V0086)", "Education--Primary & Secondary--Finance (I0250)", "GENERAL LAND OFFICE (V2808)", "Governor (I0375)", "PERMANENT SCHOOL FUND (S0407)", "PERMANENT SCHOOL FUND CORPORATION", "TEXAS (V107X)", "PERMANENT SCHOOL FUND INVESTMENT MANAGEMENT ORGANIZATION (VL23G)", "Public Lands", "Buildings & Resources (I0630)", "SCHOOL LAND BOARD (V0103)", "State Agencies", "Boards & Commissions--Newly Proposed (I0773)", "State Finances--Management & Control (I0748)"]
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status: "enacted"
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primary_sponsors: ["Bonnen", "Taylor"]
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version_count: 5
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action_count: 58
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vote_count: 3
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first_action: "2021-03-09"
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last_action: "2021-06-16"
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source: "openstates"
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source_identifier: "ocd-bill/8379b202-afd0-479a-a21e-43fe104d8f9c"
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source_url: "ftp://ftp.legis.state.tx.us/bills/87R/billhistory/senate_bills/SB01200_SB01299/SB 1232.xml"
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source_hash: "dac98160b0e52904d8bd4e36818ef1b53de83c8a9ff572e624808c97d9646e72"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-tx"]
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---
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# Texas SB 1232 (87) — Relating to the management and investment of the permanent school fund, including authorizing the creation of the Texas Permanent School Fund Corporation to manage and invest the fund and limiting the authority of the School Land Board to manage and invest the fund if the corporation is created.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **Introduced** (filed) — [source](http://capitol.texas.gov/tlodocs/87R/billtext/html/SB01232I.HTM)
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2. **Engrossed** (committee substitute) — [source](http://capitol.texas.gov/tlodocs/87R/billtext/html/SB01232E.HTM)
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3. **House Committee Report** (committee substitute) — [source](http://capitol.texas.gov/tlodocs/87R/billtext/html/SB01232H.HTM)
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4. **Senate Committee Report** (committee substitute) — [source](http://capitol.texas.gov/tlodocs/87R/billtext/html/SB01232S.HTM)
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5. **Enrolled** (enrolled) — [source](http://capitol.texas.gov/tlodocs/87R/billtext/html/SB01232F.HTM)
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## Votes
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- other — **0–0** (fail) · upper
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- passage — **140–5** (pass) · lower
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- other — **0–0** (fail) · upper
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## Sponsors
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- Bonnen — primary (person)
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- Taylor — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2021-03-09** Received by the Secretary of the Senate `filing`
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- **2021-03-09** Filed `filing`
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- **2021-03-18** Read first time `introduction, reading-1`
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- **2021-03-18** Referred to Education `referral-committee`
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- **2021-04-15** Scheduled for public hearing on . . .
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- **2021-04-15** Considered in public hearing
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- **2021-04-15** Testimony taken in committee
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- **2021-04-15** Left pending in committee
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- **2021-04-28** Considered in public hearing
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- **2021-05-03** Reported favorably as substituted `committee-passage-favorable`
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- **2021-05-03** Committee report printed and distributed
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- **2021-05-04** Placed on intent calendar
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- **2021-05-06** Rules suspended-Regular order of business
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- **2021-05-06** Read 2nd time `reading-2`
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- **2021-05-06** Amendment(s) offered `amendment-introduction`
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- **2021-05-06** Amended `amendment-passage`
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- **2021-05-06** Vote recorded in Journal
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- **2021-05-06** Passed to engrossment as amended
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- **2021-05-06** Vote recorded in Journal
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- **2021-05-06** Three day rule suspended
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- **2021-05-06** Record vote
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- **2021-05-06** Read 3rd time `reading-3`
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- **2021-05-06** Passed `passage`
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- **2021-05-06** Record vote
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- **2021-05-06** Reported engrossed
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- **2021-05-06** Received from the Senate `introduction`
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- **2021-05-11** Read first time `introduction, reading-1`
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- **2021-05-11** Referred to Appropriations `referral-committee`
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- **2021-05-18** Considered in public hearing
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- **2021-05-18** Testimony taken/registration(s) recorded in committee
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- **2021-05-18** Left pending in committee
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- **2021-05-19** Considered in formal meeting
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- **2021-05-19** Reported favorably w/o amendment(s) `committee-passage`
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- **2021-05-20** Comte report filed with Committee Coordinator
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- **2021-05-20** Committee report distributed
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- **2021-05-21** Committee report sent to Calendars
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- **2021-05-23** Considered in Calendars
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- **2021-05-25** Placed on Major State Calendar
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- **2021-05-25** Read 2nd time `reading-2`
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- **2021-05-25** Amended `amendment-passage`
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- **2021-05-25** Passed to 3rd reading as amended
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- **2021-05-26** Read 3rd time `reading-3`
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- **2021-05-26** Amended `amendment-passage`
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- **2021-05-26** Passed as amended `passage`
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- **2021-05-26** Record vote
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- **2021-05-26** Statement(s) of vote recorded in Journal
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- **2021-05-27** House passage as amended reported
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- **2021-05-29** House amendment(s) laid before the Senate
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- **2021-05-29** Read
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- **2021-05-29** Senate concurs in House amendment(s)
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- **2021-05-29** Record vote
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- **2021-05-29** Senate concurs in House amendment(s)-reported
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- **2021-05-31** Reported enrolled
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- **2021-05-31** Signed in the House
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- **2021-05-31** Signed in the Senate
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- **2021-06-01** Sent to the Governor `executive-receipt`
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- **2021-06-16** Signed by the Governor `executive-signature`
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- **2021-06-16** See remarks for effective date
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/8379b202-afd0-479a-a21e-43fe104d8f9c`. Confidence: reported (aggregated from official Texas legislature records).
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