When were the Permanent School Funds established?

The Permanent School Fund was established in Texas in 1854 as a means to provide a reliable source of funding for public education in the state. This fund was initiated as part of the land grant provisions under the Texas Constitution, which aimed to ensure financial support for schools through the sale or lease of state lands. The fund plays a crucial role in financing public education by investing in various assets and generating consistent revenue for schools.

The other dates presented in the options pertain to subsequent developments or changes in the education funding system, but they do not correspond to the original establishment of the Permanent School Fund. Recognizing the significance of 1854 in the context of Texas education policy underscores the long history of efforts to secure funding for public schooling. This background affirms the importance of the Permanent School Fund as a foundational element in Texas's commitment to education.