Bill Text: TX HJR49 | 2021-2022 | 87th Legislature | Introduced
Bill Title: Proposing a constitutional amendment authorizing Webb County to delegate its authority to manage and dispose of county school land and invest and manage the proceeds from the county permanent school fund.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2021-03-01 - Referred to Public Education [HJR49 Detail]
Download: Texas-2021-HJR49-Introduced.html
| 87R578 MP-F | ||
| By: Raymond | H.J.R. No. 49 | |
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| proposing a constitutional amendment authorizing Webb County to | ||
| delegate its authority to manage and dispose of county school land | ||
| and invest and manage the proceeds from the county permanent school | ||
| fund. | ||
| BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Section 6, Article VII, Texas Constitution, is | ||
| amended to read as follows: | ||
| Sec. 6. (a) All lands heretofore, or hereafter granted to | ||
| the several counties of this State for educational purposes, are of | ||
| right the property of said counties respectively, to which they | ||
| were granted, and title thereto is vested in said counties, and no | ||
| adverse possession or limitation shall ever be available against | ||
| the title of any county. Each county may sell or dispose of its | ||
| lands in whole or in part, in manner to be provided by the | ||
| Commissioners Court of the county. Said lands, and, except as | ||
| provided by Subsection (b) of this section, the proceeds thereof, | ||
| when sold, shall be held by said counties alone as a trust for the | ||
| benefit of public schools therein; said proceeds to be invested in | ||
| bonds of the United States, the State of Texas, or counties in said | ||
| State, or in such other securities, and under such restrictions as | ||
| may be prescribed by law; and the counties shall be responsible for | ||
| all investments; the interest thereon, and other revenue, except | ||
| the principal shall be available fund. | ||
| (b) Webb County may enter into an agreement with the school | ||
| districts for which Webb County holds lands in trust under this | ||
| section under which Webb County delegates to a committee whose | ||
| membership consists of members of the boards of trustees of the | ||
| school districts to: | ||
| (1) sell, lease, manage, or otherwise dispose of the | ||
| lands held in trust; | ||
| (2) develop or sell the rights to natural resources or | ||
| minerals in the lands held in trust; and | ||
| (3) invest and manage all or part of the proceeds of | ||
| Webb County's permanent school fund. | ||
| (c) The proceeds from a disposition of land authorized under | ||
| Subsection (b) of this section shall be held by Webb County as a | ||
| trust for the benefit of the school districts as provided by | ||
| Subsection (a) of this section. | ||
| (d) The committee described in Subsection (b) of this | ||
| section shall consist of one trustee appointed by each of the school | ||
| districts for which the lands are held in trust by Webb County under | ||
| this section. Additional trustees from each school district shall | ||
| be appointed to the committee based on the school district's | ||
| average daily attendance at a rate of one trustee per 15,000 | ||
| students. | ||
| SECTION 2. This proposed constitutional amendment shall be | ||
| submitted to the voters at an election to be held November 2, 2021. | ||
| The ballot shall be printed to permit voting for or against the | ||
| proposition: "The constitutional amendment to authorize Webb | ||
| County to enter into an agreement to delegate its authority | ||
| regarding the management and disposition of county school lands | ||
| from Webb County to the school districts for which the lands are | ||
| held in trust and to delegate its authority to invest and manage | ||
| proceeds of Webb County's permanent school fund from Webb County to | ||
| the school districts for which the lands are held in trust." | ||
