The Texas State Board of Education said last week that the Permanent School Fund, which guarantees school district bonds and supports the purchase of student textbooks, realized a return of 25.02% in 2009.

The fund, the largest public endowment for public schools in the nation, was valued at $22.2 billion on Dec. 31, up from $18.1 billion at the end of 2008.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.