June 2026 Committee on School Finance and Permanent School Fund Item 2

Adoption of the Annual Report on the Status of the Bond Guarantee Program for Fiscal Year Ended August 31, 2025

June 26, 2026

COMMITTEE ON SCHOOL FINANCE/PERMANENT SCHOOL FUND: ACTION
STATE BOARD OF EDUCATION: ACTION

SUMMARY: This item provides an opportunity for the committee and board to adopt the annual report on the status of the Bond Guarantee Program for fiscal year 2025. 

STATUTORY AUTHORITY:  Texas Constitution, Article VII, §2 and §5; Texas Education Code (TEC), §45.053(c).

The Texas Constitution, Article VII, §2 and §5 establish the permanent school fund, the assets that comprise the permanent school fund, the bond guarantee program, the available school fund, and authorize the State Board of Education (SBOE) to manage the permanent school fund.

TEC, §45.053(c) requires the SBOE to adopt an annual report on the status of the guaranteed bond program. 

The full text of statutory citations can be found in the links above.

BACKGROUND INFORMATION AND JUSTIFICATION: Pursuant to TEC §45.053(c), the commissioner shall prepare, and the board shall adopt an annual report on the status of the guaranteed bond program.

Staff Member Responsible:
Jared Stout, Deputy Chief Investment Officer, Texas Permanent School Fund Corp.

Attachment:
Annual Report of the Bond Guarantee Program for the Fiscal Year Ended August 31, 2025