Voters approved a historic $2.4 billion bond package last November. It allows the district to borrow money to cover the costs of modernizing campuses, improving school security and buying new technology for students and staff.
A reduction in the program's reserves and February debt payments and maturities of outstanding guaranteed bonds will increase capacity by $7 billion to $9 billion.
Despite its nearly drained capacity, the Texas Permanent School Fund program continues to operate as it seeks legislative and regulatory solutions to a federal cap.