Texas Education Agency Practice Test

ASF stands for which fund?

Available School Fund Academic Services Fund General State Fund Public Education Fund

Correct Answer:

Available School Fund

Explanation:

The term being tested is the Available School Fund, which in Texas is the money the state uses to distribute funds to public school districts from the earnings of the Permanent School Fund. Money sits in the Permanent School Fund and earns interest; a portion of that interest is allocated to the Available School Fund to support public education across districts. This makes ASF the official source of state aid to districts, supplementing local property taxes and other funding. The other options aren’t used in this context: they don’t refer to the specific Texas fund that provides state aid for public schools.

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