The Texas Permanent School Fund is a sovereign wealth fund which serves to invest its assets to provide a return for funding of public primary and secondary education in the State of Texas. As of the end of fiscal 2012 (August 31), the Permanent School Fund has a balance in excess of $28 billion. The fund is distinct from the Permanent University Fund, which funds most institutions in the University of Texas System and the Texas A&M University System, but no other public universities or schools in the state. - Source: Wikipedia
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