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Audit shows bond guarantee program operating within backing capacity; board adopts annual status report
Summary
State Board committee members reviewed the State Auditor's Office audit of the Permanent School Fund bond guarantee program and adopted the program's annual status report for fiscal year 2024.
State Board of Education committee members reviewed the State Auditor's Office audit of the Permanent School Fund (PSF) bond guarantee program covering fiscal year 2024 and adopted the annual report on the program's status.
John McGatty of the Permanent School Fund Corporation summarized the SAO's findings and fielded questions from the committee. He said the SAO reviewed whether the bond guarantee program was operating within its backing capacity and concluded the program…
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