DALLAS — The Texas Permanent School Fund bond guarantee program will again be available to back debt issued by school districts starting next year, the Texas Education Agency announced.

The Internal Revenue Service notified the TEA on Wednesday that revised rules will allow the PSF to insure double the amount of bonds it could previously based on the value of the fund. Before, the PSF could guarantee a total amount of bonds amounting to 2.5 times the fund's value. The new rules double that to five times the fund's worth.

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