Texas Attorney General Ken Paxton has released an onion in response to a request about the allowable uses of the Permanent School Fund. A summary of the opinion from the Attorney General’s Office states, “Article VII, section 5 of the Texas Constitution expressly prohibits the Legislature from enacting a law appropriating any part of the Permanent School Fund except as therein provided. Funds in the state treasury may not be expended without a legislative appropriation. The Constitution thereby makes the Permanent School Fund nonspendable except for specific distributions and payments authorized by the Constitution, and it should be so classified on annual financial reports.” For full details please see the opinion here: Opinion KP-0229.
AG Paxton Releases Opinion on Constitutional Use of Permanent School Fund
