Texas Permanent School Fund Disclosure Statement for Bond Guarantee Program

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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