The constitutional amendment clarifying references to the permanent school fund, allowing the General Land Office to distribute revenue from permanent school fund land or other properties to the available school fund to provide additional funding for public education, and providing for an increase in the market value of the permanent school fund for the
purpose of allowing increased distributions from the available school fund.
Texas has money for Textbooks. This money comes primarily from land leases for oil and gas exploration, as well as for grazing rights. The profits from these activities have been invested, and the interest on the investment is distributed by the State Board of Education to schools to buy textbooks. But legislators want to raid this big pile of money for other school funding, and they don’t care whether future generations will have a stable base of textbook funds or not. That’s the purpose of this amendment – to raid the permanent school fund and to undermine the authority of the State Board of Education by allowing other state officers to grab the money.
Stop the money grab. Vote Against this amendment.