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Permanent School Fund
The Texas Permanent School Fund is a sovereign wealth fund which serves to provide revenues for funding of public primary and secondary education in the US state of Texas. Its assets include many publicly owned lands within Texas and various other investments; as of the end of fiscal 2020 (August 31), the fund had an endowment of $48.3 billion. The fund is distinct from the Permanent University Fund, which funds most institutions in the University of Texas System and the Texas A&M University System, but no other public universities or schools in the state. Management The lands and other assets in the fund are managed by the Texas General Land Office (GLO). Money is added to the fund whenever lands under GLO management are sold or leased, or when mineral royalties are collected on natural resource extraction on these lands. Royalties on oil and gas extraction are the fund's major source of revenues. The General Land Office then reinvests these revenues and manages the investment ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sovereign Wealth Fund
A sovereign wealth fund (SWF), sovereign investment fund, or social wealth fund is a state-owned investment fund that invests in real and financial assets such as stocks, bonds, real estate, precious metals, or in alternative investments such as private equity fund or hedge funds. Sovereign wealth funds invest globally. Most SWFs are funded by revenues from commodity exports or from foreign-exchange reserves held by the central bank. Some sovereign wealth funds may be held by a central bank, which accumulates the funds in the course of its management of a nation's banking system; this type of fund is usually of major economic and fiscal importance. Other sovereign wealth funds are simply the state savings that are invested by various entities for the purposes of investment return, and that may not have a significant role in fiscal management. The accumulated funds may have their origin in, or may represent, foreign currency deposits, gold, special drawing rights (SDRs) and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Interest
In finance and economics, interest is payment from a borrower or deposit-taking financial institution to a lender or depositor of an amount above repayment of the principal sum (that is, the amount borrowed), at a particular rate. It is distinct from a fee which the borrower may pay the lender or some third party. It is also distinct from dividend which is paid by a company to its shareholders (owners) from its profit or reserve, but not at a particular rate decided beforehand, rather on a pro rata basis as a share in the reward gained by risk taking entrepreneurs when the revenue earned exceeds the total costs. For example, a customer would usually pay interest to borrow from a bank, so they pay the bank an amount which is more than the amount they borrowed; or a customer may earn interest on their savings, and so they may withdraw more than they originally deposited. In the case of savings, the customer is the lender, and the bank plays the role of the borrower. Interest diff ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Republic Of Texas
The Republic of Texas ( es, República de Tejas) was a sovereign state in North America that existed from March 2, 1836, to February 19, 1846, that bordered Mexico, the Republic of the Rio Grande in 1840 (another breakaway republic from Mexico), and the United States of America, although Mexico considered it a rebellious province during its entire existence despite the Treaties of Velasco of May 1836. It was bordered by Mexico to the west and southwest, the Gulf of Mexico to the southeast, the two U.S. states of Louisiana and Arkansas to the east and northeast, and Territories of the United States, United States territories encompassing parts of the current U.S. states of Oklahoma, Kansas, Colorado, Wyoming, and New Mexico to the north and west. The Anglo residents of the area and of the republic became known as Texians. The region of the Mexican state of Coahuila y Tejas, now commonly referred to as Mexican Texas, declared its independence from Mexico during the Texas Revo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Submerged Lands Act
The Submerged Lands Act of 1953 is a U.S. federal law that recognized the title of the states to submerged navigable lands within their boundaries at the time they entered the Union. They include navigable waterways, such as rivers, as well as marine waters within the state's boundaries, generally three geographical miles (almost exactly ) from the coastline. The Submerged Lands Act of 1953 was immediately followed by the Outer Continental Shelf Lands Act. Under the latter, the Secretary of the Interior is responsible for the administration of mineral exploration and development of the Outer Continental Shelf (O.C.S.). The Secretary of the Interior is empowered to grant leases to the highest qualified responsible bidder and to formulate regulations as necessary to carry out the provisions of the Act. O.C.S.L.A. provides guidelines for implementing an Outer Continental Shelf The Outer Continental Shelf (OCS) is a feature of the geography of the United States. The OCS is the p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Constitution Of Texas
The Constitution of the State of Texas is the document that establishes the structure and function of the government of the U.S. state of Texas, and enumerates the basic rights of the citizens of Texas. The current document was adopted on February 15, 1876, and is the seventh constitution in Texas history (including the Mexican constitution). The previous six were adopted in 1827 (while Texas was still part of Mexico and half of the state of Coahuila y Tejas), 1836 (the Constitution of the Republic of Texas), 1845 (upon admission to the United States), 1861 (at the beginning of the American Civil War), 1866 (at the end of the American Civil War), and 1869. At 86,936 words, the constitution is the second-longest state constitution in the United States, exceeded only by the Constitution of Alabama, which is 388,882 words long. Much of that length comes from its status as one of the most amended state constitutions; only the Alabama and California constitutions have been amended ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reconstruction Era
The Reconstruction era was a period in American history following the American Civil War (1861–1865) and lasting until approximately the Compromise of 1877. During Reconstruction, attempts were made to rebuild the country after the bloody Civil War, bring the former Confederate states back into the United States, and to redress the political, social, and economic legacies of slavery. During the era, Congress abolished slavery, ended the remnants of Confederate secession in the South, and passed the 13th, 14th, and 15th Amendments to the Constitution (the Reconstruction Amendments) ostensibly guaranteeing the newly freed slaves (freedmen) the same civil rights as those of whites. Following a year of violent attacks against Blacks in the South, in 1866 Congress federalized the protection of civil rights, and placed formerly secessionist states under the control of the U.S. military, requiring ex-Confederate states to adopt guarantees for the civil rights of free ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
American Civil War
The American Civil War (April 12, 1861 – May 26, 1865; also known by other names) was a civil war in the United States. It was fought between the Union ("the North") and the Confederacy ("the South"), the latter formed by states that had seceded. The central cause of the war was the dispute over whether slavery would be permitted to expand into the western territories, leading to more slave states, or be prevented from doing so, which was widely believed would place slavery on a course of ultimate extinction. Decades of political controversy over slavery were brought to a head by the victory in the 1860 U.S. presidential election of Abraham Lincoln, who opposed slavery's expansion into the west. An initial seven southern slave states responded to Lincoln's victory by seceding from the United States and, in 1861, forming the Confederacy. The Confederacy seized U.S. forts and other federal assets within their borders. Led by Confederate President Jefferson Davis, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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