William B. Travis Building
1701 N. Congress Avenue, Austin, Texas
FRIDAY
August 20, 2010
9 a.m.
COMMITTEE ON SCHOOL FINANCE/PERMANENT SCHOOL FUND - Room 1-104
Members: David Bradley, Chair; Rick Agosto, Vice Chair; Cynthia Dunbar; Gail Lowe; and Rene Nuñez. A quorum of the State Board of Education may attend the committee meeting and discuss items on the committee agenda. A quorum of the Committee of Investment Advisors to the Permanent School Fund may attend the committee meeting and discuss items on the committee agenda.
Public Testimony - Individual testimony will be taken at the time the related item comes up for committee discussion or action. The procedures for registering and taking public testimony at State Board of Education committee meetings and general board meetings are provided at http://www.tea.state.tx.us/index4.aspx?id=3958.
1. Review of the Absolute Return Portfolios Managed for the Permanent School Fund
This item provides an opportunity for the committee to receive presentations on the absolute return portfolios managed for the Permanent School Fund.
COMMITTEE - DISCUSSION
SBOE - NO ACTION
2. Discussion of Asset Class Implementation
This item provides an opportunity for the committee to discuss the status of outstanding request for proposals and future request for proposals to implement new asset classes. The committee will also have the opportunity to address the structure, timelines and funding to implement the new asset classes.
COMMITTEE - DISCUSSION
SBOE - NO ACTION
3. Discussion of Spending Policy
This item provides an opportunity for the committee to discuss concepts related to spending policy, intergenerational equity and the treatment of new contributions.
COMMITTEE - DISCUSSION
SBOE - NO ACTION
4. Discussion of Securities Litigation
This item provides an opportunity for the committee to review and discuss options for participating in securities litigation on behalf of the Permanent School Fund.
COMMITTEE - DISCUSSION
SBOE - NO ACTION
5. Energy Presentation by Orleans Capital Management
This item provides an opportunity for the committee to receive an energy presentation from Orleans Capital Management.
COMMITTEE - DISCUSSION
SBOE - NO ACTION
If, during the course of the State Board of Education (SBOE) meeting or any committee meeting of the SBOE, discussion of any item on the agenda may be held in a closed meeting, the SBOE or committee of the SBOE may conduct a closed meeting in accordance with Texas Open Meetings Act, Chapter 551, Subchapters D and E. Before any closed meeting is convened, the presiding officer will publicly identify the section or sections of the Act authorizing the closed meeting. All final votes, actions, or decisions will be taken in open meeting.