| |
| |
|
|
A JOINT RESOLUTION
|
|
|
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 5, 2019. |
|
|
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." |