PSF Bond Guarantee Program to Reopen PDF Print E-mail

12/17/09

Yesterday, the IRS issued Notice 2010-05, announcing it is raising the capacity of the Permanent School Fund to 500% of the cost of the PSF assets, which serves to double the current capacity of the PSF.  As a result, the Texas Education Agency also announced that the Agency will be able to reopen the PSF Bond Guarantee Program in early 2010.  The reopening of the Bond Guarantee Programs is great news for school districts and taxpayers.  The PSF backed bonds receive AAA ratings providing for lower interest rates which will save substantial amounts over the term of the bonds.   

To read the TEA notice, click on the link below.

 http://www.tea.state.tx.us/index4.aspx?id=7356