Tex. Education Code § 43.052
This is the official text of Tex. Education Code § 43.052, part of Texas’s Education Code — governs public schools and universities in Texas.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
§ 43.052. CREATION OF CORPORATION.
Official statutory text
(a) The State Board of Education may incorporate the Texas Permanent School Fund Corporation and delegate to the corporation the board's authority to manage and invest:
(1) the permanent school fund under Section 43.003; and
(2) the charter district bond guarantee reserve fund under Section 45.0571.
(b) The State Board of Education shall adopt the initial articles of incorporation for the corporation.
(c) The corporation is a special-purpose governmental corporation and instrumentality of the state with necessary and implied powers to accomplish its purpose. The corporation is subject to regulation and limitation only as provided by this subchapter.
(1) the permanent school fund under Section 43.003; and
(2) the charter district bond guarantee reserve fund under Section 45.0571.
(b) The State Board of Education shall adopt the initial articles of incorporation for the corporation.
(c) The corporation is a special-purpose governmental corporation and instrumentality of the state with necessary and implied powers to accomplish its purpose. The corporation is subject to regulation and limitation only as provided by this subchapter.
Status: in_force · Read it on the official government site
Need a lawyer in Texas?
Find a Texas lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.