Part 1.
TEXAS HIGHER EDUCATION COORDINATING BOARD
Chapter 21.
STUDENT SERVICES
Subchapter NN. EXEMPTION PROGRAM FOR VETERANS AND THEIR DEPENDENTS (THE HAZELWOOD ACT)
19 TAC §§21.2099 - 21.2108
The Texas Higher Education Coordinating Board adopts new §§21.2099
- 21.2108, concerning the Exemption Program for Veterans and Their Dependents
(The Hazlewood Act) without changes to the proposed text as published in the
June 3, 2005, issue of the
Texas Register
(30
TexReg 3192).
Specifically, Senate Bill 101, 79th Legislature, Regular Session, amended §54.203
of the Texas Education Code, and gives the Coordinating Board rule-making
authority for the state's exemption program for Veterans and their Dependents
(commonly referred to as the Hazlewood Act). Through this program, eligible
Texas veterans and dependent children of deceased Texas veterans are provided
free tuition and reduced fees for up to 150 credit hours while attending public
institutions of higher education. The bill also added new §61.0516 of
the Texas Education Code, which assigns the Board the responsibility of creating
and maintaining a state-wide database to track the veterans' and their children's
use of their 150 hours of eligibility. The new sections reflect the basic
requirements of the program and procedures for making awards and for meeting
reporting requirements.
No comments were received regarding the new sections.
The new sections are adopted under the Texas Education Code, §54.203,
which states that the Coordinating Board is authorized to adopt rules to provide
for the efficient and uniform application of this section; and new §61.0516,
which requires the Board to develop a system to electronically monitor the
use of tuition exemption under §54.203.
This agency hereby certifies that the adoption has been reviewed
by legal counsel and found to be a valid exercise of the agency's legal authority.
Filed with the Office of
the Secretary of State on July 22, 2005.
TRD-200503014
Jan Greenberg
General Counsel
Texas Higher Education Coordinating Board
Effective date: August 11, 2005
Proposal publication date: June 3, 2005
For further information, please call: (512) 427-6114
Chapter 33.
STATEMENT OF INVESTMENT OBJECTIVES, POLICIES, AND GUIDELINES OF THE TEXAS PERMANENT SCHOOL FUND
19 TAC §33.35
The State Board of Education (SBOE) adopts an amendment to §33.35,
concerning the Texas Permanent School Fund (PSF) guidelines for the custodian
and securities lending agent. The amendment is adopted without changes to
the proposed text as published in the May 20, 2005, issue of the
Texas Register
(30 TexReg 2965) and will not be republished. The section
establishes the guidelines for the investment of cash collateral by the securities
lending agent. The adopted amendment updates the guidelines for cash collateral
investment in line with current market practices and standards.
The Texas Education Code, §7.102(c)(31), states that the SBOE may
invest the PSF within the limits of the authority granted by the Texas Constitution,
Article VII, §5, and TEC, Chapter 43. The rules in 19 TAC Chapter 33
establish investment objectives, policies, and guidelines for the PSF. Section
33.35 includes the guidelines for the investment of cash collateral by the
securities lending agent.
The adopted amendment to 19 TAC §33.35 modifies criteria for permissible
investments by changing maximum one-year maturity to 397-day maturity, adding
asset backed commercial paper and securities, and specifying the requirement
of ratings by Moody's Investor Service and Standard and Poor's Corporation
for reverse repurchase agreements and foreign sovereign debt. The adopted
amendment also modifies investment parameters by clarifying the definition
of "Tier 1" credit quality and removing the prohibition of asset backed securities.
In accordance with Texas Education Code, §7.102(f), the SBOE approved
this rule action for final adoption by a vote of more than two-thirds of its
members to specify an effective date earlier than September 1, 2005, in order
for the updated guidelines to be implemented in a timely manner, as necessary
for effective investment management. The effective date of the adopted amendment
is 20 days after filing as adopted.
No comments were received regarding adoption of the amendment.
The amendment is adopted under the Texas Education Code, §7.102(c)(31),
which authorizes the State Board of Education to invest the PSF within the
limits of the authority granted by the Texas Constitution, Article VII, §5,
and the Texas Constitution, Article VII, §5(d).
The amendment implements the Texas Education Code, §7.102(c)(31),
and the Texas Constitution, Article VII, §5(d).
This agency hereby certifies that the adoption has been reviewed
by legal counsel and found to be a valid exercise of the agency's legal authority.
Filed with the Office of
the Secretary of State on July 25, 2005.
TRD-200503032
Cristina De La Fuente-Valadez
Director, Policy Coordination
Texas Education Agency
Effective date: August 14, 2005
Proposal publication date: May 20, 2005
For further information, please call: (512) 475-1497
Subchapter B. MIDDLE SCHOOL
Part 2.
TEXAS EDUCATION AGENCY
Chapter 111.
TEXAS ESSENTIAL KNOWLEDGE AND SKILLS FOR MATHEMATICS