SB 883, 66th R.S.
To change the duties and powers of the State Board of Education with regard to the permanent and available school fund to conform to sound, current investment practices; removing the requirement that bonds of school districts of the state be first offered for purchase to the State Board of Education; authorizing the use of a bank "lock-box" system to speed collection of income to the Available School Fund; authorizing participation in a fully secured stock and bond loan program to increase the earnings of the Available School Fund.
Related House committee minutes
Ways and Means, 66th Leg.
05/16/1979
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