Texas Bill Could Eliminate PSF Guaranty on School Bonds
By EsqSocial Corporation 08/05/25
Pursuant to Section 45.052 of the Texas Education Code, school district and charter school bonds (including refunding bonds) are eligible to be guaranteed by the corpus and income of the Permanent School Fund (PSF). If obtained, such guaranty remains in effect until the date such bonds mature or are defeased. House Bill 5035 (HB 5035), currently pending in the Texas Legislature, would amend Section 45.052 to prohibit the use of the PSF to guarantee school district bonds and charter school bonds...
By: Frost Brown Todd