SCHOOL FINANCE. TX Attorney General Opinion. Appropriate Permanent School Fund? No.

What question is the Texas Attorney General answering?

Is any portion of the Permanenet School Fund spendable? If so, how much & how can it be spent?

Why is this question being asked? because the Legislature has not expressly said the PSF is nonspendable

The answer: The Texas Constitution article VII, section 5says the Legislature cannot appropriate any portion of the PSF. The only thing that can happen from the PSF is making distributions that are specifically permited and only within a set period of time.

KP-0229 (2019)