The Permanent School Fund (PSF) is a vital resource for our public school children. This fund is responsible for the textbook purchases across the state. The investment of this fund should be done by qualified investment counselors, period. The investment practices and the selection of the investment company should be open and transparent. Just like the education decisions, the SBOE should not allow politics or personal relationships to interfere with the selection of the PSF investment company. Whether this fund is managed by the SBOE or another state agency that is qualified in managing large investments is not as important as maintaining the integrity and solvency of this fund.