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State Board directs PSF Corporation to proceed with ~$1.81 billion transfer to Available School Fund
Summary
The State Board of Education voted to direct the Permanent School Fund Corporation to complete a transfer of approximately $1,810,000,000 to the Available School Fund for fiscal year 2026.
The State Board of Education voted to direct the Permanent School Fund (PSF) Corporation to complete a previously approved transfer of approximately $1,810,000,000 to the Available School Fund for fiscal year 2026.
On behalf of the Committee on School Finance and the Permanent School Fund, a member moved that the board "pursuant to the Texas Constitution Article 7, Section 5, and based on the analysis presented by the staff affirming the constitutional 10 year test was satisfied, I move that the State Board of Education direct the PSF…
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