The Texas Permanent School Fund and the Quiet Power of Land I have been sitting with the Texas Permanent School Fund, and the more I study it, the more I realize it is not just “education finance.” It is a constitutional decision about what Texas believes education deserves. The Texas Permanent School Fund (PSF) is not a discretionary pot of money that can be redirected on a whim. Its existence, its purpose, and the basic rules that govern how it functions are written into th