Texas Permanent School Fund Disclosure Statement - Bond Guarantee Program

Through the Bond Guarantee Program, the Texas Permanent School Fund (TPSF) is pledged to guarantee bonds issued by Texas school districts thus enhancing their credit rating.  This program is designed for school districts with credit ratings lower than AAA.  Bonds issued under the Bond Guarantee Program are rated AAA, thus allowing participating school districts to borrow at a lower cost.  See the links below for more information.

• PSF Bond Guarantee Program Summary Statistics - Most Recent Data (PDF) Updated November 1, 2023
• PSF Bond Guarantee Program Disclosure Language
• Compliance with SEC RULE 15C2-12 Pertaining to disclosure of information relating to the Bond Guarantee Program (PDF)