Tex. Educ. Code Section 43.055
Employees


(a)

The chief executive officer is responsible for hiring all employees of the corporation.

(b)

Employees of the corporation serve at the will of the chief executive officer.

(c)

The chief executive officer or the chief executive officer’s designee shall develop a system of compensation for employees of the corporation as necessary to retain qualified staff.

(d)

The chief executive officer or the chief executive officer’s designee shall develop a system of annual performance evaluations. Merit pay for corporation employees must be based on the system established under this subsection.

(e)

The chief executive officer or the chief executive officer’s designee shall prepare and maintain a written policy statement to assure implementation of a program of equal employment opportunity under which all personnel decisions are made without regard to race, color, disability, sex, religion, age, or national origin.

(f)

The chief executive officer may appoint an internal auditor for the corporation, who may be an employee of the corporation. The appointment of the internal auditor must be approved by the board of directors. The board of directors may require the internal auditor to submit specified reports directly to the board of directors.

(g)

Except as otherwise provided by this subchapter, employees of the corporation are state employees for all purposes, including:

(1)

accrual of leave time, insurance benefits, and retirement benefits;

(2)

Chapter 104 (State Liability for Conduct of Public Servants), Civil Practice and Remedies Code; and

(3)

Chapter 501 (Workers’ Compensation Insurance Coverage for State Employees, Including Employees Under the Direction or Control of the Board of Regents of Texas Tech University), Labor Code.
Added by Acts 2021, 87th Leg., R.S., Ch. 875 (S.B. 1232), Sec. 1.06, eff. September 1, 2021.

Source: Section 43.055 — Employees, https://statutes.­capitol.­texas.­gov/Docs/ED/htm/ED.­43.­htm#43.­055 (accessed May 11, 2024).

43.001
Composition of Permanent School Fund and Available School Fund
43.002
Transfers from Permanent School Fund and General Revenue Fund to Available School Fund
43.003
Investment of Permanent School Fund
43.004
Written Investment Objectives
43.005
External Investment Managers
43.006
Investment Management
43.007
Purchase and Sale or Exchange of Securities
43.009
Prepayment of Certain Bonds Held by the Permanent School Fund
43.010
Default of School District Securities Held by the Permanent School Fund
43.011
Authorized Refunding of Defaulted School Bonds
43.012
Refunding Other Defaulted Obligations
43.013
Jurisdiction
43.014
Duties of Comptroller
43.015
Duties of Comptroller
43.016
Use of Available School Fund
43.017
Use of Commercial Banks as Agents for Collection of Income from Permanent School Fund Investments
43.018
Participation in Fully Secured Securities Loan Programs
43.019
Accounting Treatment of Certain Exchanges
43.020
Treatment of Accrued Income
43.0031
Permanent School Fund Ethics Policy
43.0032
Conflicts of Interest
43.0033
Reports of Expenditures
43.0034
Forms
43.0051
Transfers to Real Estate Special Fund Account of the Permanent School Fund
43.051
Definitions
43.052
Creation of Corporation
43.053
Board of Directors
43.054
Chief Executive Officer
43.055
Employees
43.056
Sovereign Immunity
43.057
Liability Insurance for Board Members and Employees
43.058
Ethics Policy
43.059
Applicability of Certain Laws
43.060
Exception to Open Meeting Requirements for Certain Consultations Concerning Investments
43.061
Record Retention
43.062
Information Technology and Associated Resources
43.063
General Powers and Duties of Corporation
43.064
Contracting for Facilities and Necessary Support
43.065
Written Investment Objectives
43.066
Distributions by Corporation from Permanent School Fund to Available School Fund
43.067
Bond Guarantee Program
43.068
Annual Audit
43.069
Annual Investment Report
43.070
Report on Anticipated Transfer to Available School Fund
43.071
Gifts, Grants, and Donations

Accessed:
May 11, 2024

§ 43.055’s source at texas​.gov