The Disclosure Statement for
the Bond Guarantee Program (Disclosure Statement) of the Texas
Permanent School Fund (PSF) provides information regarding the bond
guarantee program (Bond Guarantee Program) administered by the Texas
Education Agency (TEA) for the benefit of issuers, owners and beneficial
owners of bonds issued by Texas school districts that are guaranteed by
the Bond Guarantee Program (Guaranteed Bonds). The TEA periodically
files the Disclosure Statement (which incorporates by reference the
Annual Report of the PSF) with Nationally Recognized Securities
Information Repositories (NRMSIRs) and the Texas State Information
Depository (SID) in accordance with undertakings made pursuant to
Securities and Exchange Commission Rule 15c2-12 (Rule 15c2-12) that
pertain to Guaranteed Bonds. The TEA has not obligated itself to update
the Disclosure Statement more frequently than annually, although it may
revise or update the Disclosure Statement periodically as it, in its
sole discretion, deems appropriate. Certain of the information and
statistical data contained in the Disclosure Statement may be available
in public records and from other data sources, including information
that may be more current than some included in the current Disclosure
Statement. Also, the financial condition reflected in the Annual Report
of the PSF, which is incorporated by reference into the may include
projections or other forward-looking statements regarding future events
or the future financial performance of the PSF. Actual results may
differ materially from those contained in any such projections or
forward-looking statements.
Because of limitations
inherent in the electronic transmission of documents, the appearance
(but not the content) of the Disclosure Statement on this web site may
differ from the version thereof filed with the NRMSIRs and SID.
The Disclosure Statement is
provided for use by school districts in offering Guaranteed Bonds, and
the availability of the Disclosure Statement from this web site must not
be considered to be an offer to sell or the solicitation of an offer to
buy any securities in any Disclosure Statement, may have changed
materially since it was reported. The TEA has not undertaken to, and
does not intend to, update the Annual Report of the PSF after it has
been released. In addition, some information contained in the Disclosure
Statement jurisdiction, as such offers or solicitations may only be
made by an official statement or other offering document. In addition,
the TEA, by providing the Disclosure Statement in a format that permits
it to be downloaded and used in offering documents, does not take
responsibility for any modifications to the content of the Disclosure
Statement that may be made by any user of the Disclosure Statement, and
no such modifications are authorized to be made.
By clicking on "I Agree"
below, each viewer acknowledges and agrees to the limitations with
respect to the information that is described on this page, and
acknowledges, in particular, that the TEA is not, by providing the
Disclosure Statement on this web site, offering to sell any securities,
nor soliciting an offer to buy any securities, and that the Disclosure
Statement made not be altered or modified in any manner that relates to
the content of the Disclosure Statement.
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