# 19 Tex. Admin. Code § 33.2: 19 TAC § 33.2. Distributions to the Available School Fund

> Texas · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_TX_TAC_T19_P2_C33_S33_2

## Section

- **Citation:** 19 Tex. Admin. Code § 33.2
- **Heading:** 19 TAC § 33.2. Distributions to the Available School Fund
- **Jurisdiction:** Texas
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Texas Administrative Code / Title 19 EDUCATION / Part 2 TEXAS EDUCATION AGENCY / Chapter 33 STATEMENT OF INVESTMENT OBJECTIVES, POLICIES, AND GUIDELINES OF THE TEXAS PERMANENT SCHOOL FUND / 19 TAC § 33.2

## Text

Each year, the State Board of Education (SBOE) shall determine
 whether a distribution to the Available School Fund (ASF) shall be
 made for the current state fiscal year. The SBOE shall determine whether
 such distribution is permitted under the Texas Constitution, Article
 VII, §5(a)(2). The annual determination for the current fiscal
 year shall include a projection of the expected total return of the
 Permanent School Fund (PSF) at the end of the current fiscal year
 and the realized returns during the nine preceding state fiscal years.
 Any one-year distribution to the ASF shall not exceed 6.0% of the
 average market value of the PSF, excluding real property managed,
 sold, or acquired under the Texas Constitution, Article VII, §4,
 as determined under the Texas Constitution, Article VII, §5(a)(1).
 When adopting the rate of distribution, the SBOE shall strive to balance
 the needs of current and future generations of Texas school children
 by attempting to maintain consistent levels of distributions per student
 and assets per student, after adjusting for inflation.

## Nearby sections

- [19 Tex. Admin. Code § 33.2 19 TAC § 33.2. Distributions to the Available School Fund](https://www.frixlaw.com/law-library/statutes/STATE_TX_TAC_T19_P2_C33_S33_2.md)
- [19 Tex. Admin. Code § 33.3 19 TAC § 33.3. Duties and Responsibilities of the State Board of Education Related to the Texas Permanent School Fund Corporation](https://www.frixlaw.com/law-library/statutes/STATE_TX_TAC_T19_P2_C33_S33_3.md)
- [19 Tex. Admin. Code § 33.4 19 TAC § 33.4. Ethical Standards for Members of the State Board of Education](https://www.frixlaw.com/law-library/statutes/STATE_TX_TAC_T19_P2_C33_S33_4.md)
- [19 Tex. Admin. Code § 33.6 19 TAC § 33.6. Bond Guarantee Program for School Districts](https://www.frixlaw.com/law-library/statutes/STATE_TX_TAC_T19_P2_C33_S33_6.md)
- [19 Tex. Admin. Code § 33.7 19 TAC § 33.7. Bond Guarantee Program for Charter Schools](https://www.frixlaw.com/law-library/statutes/STATE_TX_TAC_T19_P2_C33_S33_7.md)
- [19 Tex. Admin. Code § 33.8 19 TAC § 33.8. Compliance with Securities and Exchange Commission (SEC) Rule 15c2-12 Pertaining to Disclosure of Information Relating to the Bond Guarantee Program](https://www.frixlaw.com/law-library/statutes/STATE_TX_TAC_T19_P2_C33_S33_8.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_TX_TAC_T19_P2_C33_S33_2. Check the current official text before relying on it. Not legal advice.