DALLAS — As Texas school districts finalize plans to put billions of dollars of new bonds to a vote in November, Fitch Ratings affirmed its triple-A rating on the state’s Permanent School Fund.

The credit enhancement enables schools in the state to issue voter-approved debt with the highest-possible rating at a fraction of the cost of private bond insurance. The Texas Education Agency administers the bond guaranty program, which costs school districts just $2,300 per issue.

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