Monitoring the Session

SB 1903

Campbell Bill Grows School Fund Board From Nine To 11

Died in committee

Verdict: Smells

SmellsReviewed
Sen. Donna CampbellRSenate 25
Why it's charged
New fee, fund, board or appointees

THE TEXT

“The board of directors is composed of the following 11”…

Bill text, introduced version (I)

The bill adds two new appointed seats to an existing state board. The caption honestly says the bill changes the board's makeup, so this is a plain expansion, not a hidden one.

New fee, fund, board or appointees

Reviewed · Nov 1, 2026 · Headline, summary and grade are analysis of the bill text, not a finding about any person · How we grade

Caption

relating to the composition of the board of directors of the Texas Permanent School Fund Corporation.

Caption from analyzed text · version I.

Summary

Lieutenant governor and speaker get one pick each. The picks draw lots for whose term ends first!

The bill grows the board that runs the Texas Permanent School Fund Corporation from nine members to 11. The two new seats go to one appointee of the lieutenant governor and one appointee of the speaker of the house, each confirmed by the senate and each required to have investment and asset management expertise. The new members serve staggered six-year terms, and the first two draw lots to see whose term ends in 2029 and whose ends in 2031.

Labels

Labels: GOT HALFWAY. Passed the Senate on May 12, 2025. Died in the House: never got out of the Public Education committee.

Receipt

The receipt

89R-SB1903 · 2025-03-05

SOLD BY

Sen. Donna CampbellRSenate 25

+ 1 coauthor

ITEM

relating to the composition of the board of directors of the Texas Permanent School Fund Corporation.

WHAT IT DOES

Lieutenant governor and speaker get one pick each. The picks draw lots for whose term ends first!

The bill grows the board that runs the Texas Permanent School Fund Corporation from nine members to 11. The two new seats go to one appointee of the lieutenant governor and one appointee of the speaker of the house, each confirmed by the senate and each required to have investment and asset management expertise. The new members serve staggered six-year terms, and the first two draw lots to see whose term ends in 2029 and whose ends in 2031.

CHARGES

[x] NEW FEE, FUND, BOARD OR APPOINTEESanalysis confidence 50%

THE TEXT

“The board of directors is composed of the following 11”…

Bill text, introduced version (I)

The bill adds two new appointed seats to an existing state board. The caption honestly says the bill changes the board's makeup, so this is a plain expansion, not a hidden one.

TOTAL

No significant fiscal implication to the State is anticipated.

LBB estimate · fiscal note version E · source

Sources

Fiscal note · version E · May 14, 2025

No first-year general revenue figure available here.

LBB published estimates · flow over the stated periods.

Source snapshot 2026-10-19, Central time.

HISTORY

  1. Received by the Secretary of the Senate
  2. Filed
  3. Read first time
  4. Referred to Education K-16
  5. Scheduled for public hearing on . . .
  6. Considered in public hearing
  7. Left pending in committee
  8. Considered in public hearing
  9. Vote taken in committee
  10. Reported favorably w/o amendments
  11. Committee report printed and distributed
  12. Co-author authorized
  13. Placed on intent calendar
  14. Rules suspended-Regular order of business
  15. Vote recorded in Journal
  16. Read 2nd time & passed to engrossment
  17. Vote recorded in Journal
  18. Three day rule suspended
  19. Record vote
  20. Read 3rd time
  21. Passed
  22. Record vote
  23. Reported engrossed
  24. Received from the Senate
  25. Read first time
  26. Referred to Public Education
FILED UNDER

GOVERNMENT GROWTH UNDER A CONSERVATIVE BANNER

THE TEXT

“one member appointed by the lieutenant governor,”…

Bill text, introduced version (I)

The bill creates two new appointed board positions, one picked by the lieutenant governor and one by the speaker, on the corporation that manages the school fund.

SIGNED FOR BY

Senate · 28 yea · 2 nay

Sources

Senate: Final passage · May 12, 2025. Journal. Published stock for this vote. Snapshot 2026-10-19, Central time.

All floor motions and other positions below.

Smells

THANK YOU FOR CHECKING THE RECEIPT

CAMPAIGN PAID FOR BY

CAMPAIGN PAID FOR BY

Donna Campbell

Donors

Donors report through Friends of Donna Campbell.

Not tied to this bill.

Sources

The author's campaign account only. Own money and internal transfers are separate on the member page.

Derived itemized flow · Oct 27, 2024 to Jun 30, 2026. State data as of Nov 4, 2026.

Derived itemized contributions on live regular reports and uncovered special-session dates. Internal account transfers and daily reports are excluded.

Money

Missing data does not establish zero giving. Display amounts are rounded.

Votes3

Senate May 12, 2025

Yea
28
Nay
2
Present, not voting
Not printed
Absent
0
Excused
1
Names

Named positions matched to lawmakers. See the journal for unmatched names.

Senate journal

Sources

The bill was read third time and was passed by the following vote: Yeas 28, Nays 2. (Same as previous roll call)

Published stock of positions for this vote, except where marked derived.

  • Yea: 28 (published)
  • Nay: 2 (published)
  • Present, not voting: Not printed
  • Absent: 0 (derived from named list)
  • Excused: 1 (derived from named list)

Senate journal. Source snapshot 2026-10-19, Central time.

Senate May 12, 2025

Yea
28
Nay
2
Present, not voting
Not printed
Absent
0
Excused
1
Names

Named positions matched to lawmakers. See the journal for unmatched names.

Senate journal

Sources

Senator Campbell moved that Senate Rule 7.18 and the Constitutional Rule requiring bills to be read on three several days be suspended and that SB 1903 be placed on its third reading and final passage. The motion prevailed by the following vote: Yeas 28, Nays 2.

Published stock of positions for this vote, except where marked derived.

  • Yea: 28 (published)
  • Nay: 2 (published)
  • Present, not voting: Not printed
  • Absent: 0 (derived from named list)
  • Excused: 1 (derived from named list)

Senate journal. Source snapshot 2026-10-19, Central time.

Senate May 12, 2025

Yea
Not printed
Nay
Not printed
Present, not voting
Not printed
Absent
Not printed
Excused
1
Names

Named positions matched to lawmakers. See the journal for unmatched names.

Senate journal

Names were not printed for yea. Only the named positions are included in member records.

Voice vote. No numeric tally or individual yeas are inferred.

Sources

Senator Campbell moved to suspend the regular order of business to take up for consideration SB 1903 at this time on its second reading: SB 1903, Relating to the composition of the board of directors of the Texas Permanent School Fund Corporation. The motion prevailed. Senators Eckhardt and Middleton asked to be recorded as voting "Nay" on suspension of the regular order of business. The bill was read second time and was passed to engrossment by a viva voce vote.

Published stock of positions for this vote, except where marked derived.

  • Yea: Not printed
  • Nay: Not printed
  • Present, not voting: Not printed
  • Absent: Not printed
  • Excused: 1 (derived from named list)

Senate journal. Source snapshot 2026-10-19, Central time.

Witnesses14
For
11
Against
3
On
0
Names

For

  • Self4 registrations
  • Self; True Texas Project4 registrations
  • Self; True texas project3 registrations

Against

  • Self3 registrations
Sources

14 parsed registrations across the loaded witness lists.

Derived stock of witness registrations. Repeated appearances count separately. Organizations and self-representation appear as printed.

Senate witness list. Source snapshot 2026-10-20, Central time.

Fiscal

No significant fiscal implication to the State is anticipated.

LBB estimate · fiscal note version E · source

Sources

Fiscal note · version E · May 14, 2025

No first-year general revenue figure available here.

LBB published estimates · flow over the stated periods.

Source snapshot 2026-10-19, Central time.

How this was graded

Analysis of text version I by claude-opus-5-5, Oct 20, 2026, against the published rubric.

Sources

Texas Senate · Filed Mar 5, 2025

05/14/2025 H Referred to Public Education: May 14 2025 12:07AM

Texas Legislature Online · Introduced · Senate Committee Report · Engrossed

Data snapshot Nov 1, 2026 at 3:17 PM CST. Grades, charges, quotes and corrections follow the published record.

Coauthors
Tan ParkerRSenate 12

House committee · Public Education · Final status: Died in committee

Senate committee · Education K-16 · Committee vote 10 aye, 1 nay · Out of committee

Subjects

Education--Primary & Secondary--Finance

LIEUTENANT GOVERNOR

SPEAKER OF THE HOUSE

PERMANENT SCHOOL FUND CORPORATION, TEXAS (V107X)

Text

The text as introduced · 418 words

89R13482 KJE-F

By: Campbell
S.B. No. 1903

A BILL TO BE ENTITLED

AN ACT

relating to the composition of the board of directors of the Texas

Permanent School Fund Corporation.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:

SECTION 1. Sections 43.053(a) and (c), Education Code, are

amended to read as follows:

(a) The board of directors is composed of the following 11

[ nine ] members:

(1) five members of the State Board of Education,

appointed by the board in accordance with board policy;

(2) the commissioner of the General Land Office;

(3) one member appointed by the commissioner of the

General Land Office who has substantial background and expertise in

investments and asset management; [ and ]

(4) two members appointed by the governor, with the

advice and consent of the senate, each of whom must have substantial

background and expertise in investments and asset management and

may not be members of the State Board of Education or the School

Land Board ;

(5) one member appointed by the lieutenant governor,

with the advice and consent of the senate, who must have substantial

background and expertise in investments and asset management; and

(6) one member appointed by the speaker of the house of

representatives, with the advice and consent of the senate, who

must have substantial background and expertise in investments and

asset management .

(c) Members of the board of directors appointed under

Subsections (a)(3) , [ and ] (4) , (5), and (6) serve staggered

six-year terms, with the terms [ term ] of one or two members [ member ]

expiring on January 1 of each odd-numbered year.

SECTION 2. (a) As soon as practicable after the effective

date of this Act, the lieutenant governor and the speaker of the

house of representatives shall appoint the initial directors under

Sections 43.053(a)(5) and (6), Education Code, as added by this

Act.

(b) As soon as practicable after the initial directors have

been appointed under Sections 43.053(a)(5) and (6), Education Code,

as added by this Act, the directors shall draw lots to determine

which director serves a term expiring January 1, 2029, and which

director serves a term expiring January 1, 2031.

SECTION 3. This Act takes effect immediately if it receives

a vote of two-thirds of all the members elected to each house, as

provided by Section 39, Article III, Texas Constitution. If this

Act does not receive the vote necessary for immediate effect, this

Act takes effect September 1, 2025.