DALLAS -- The Texas Bond Review Board has asked the state attorney general's office to seek a private letter ruling from the Internal Revenue Service on whether the state's Permanent School Fund can guarantee a controversial school bond bank program.

The board next month expects to accept proposals from prospective financial advisers for the $750 million bond program, which was designed two years ago to help Texas schools finance facilities. The plan has been opposed by Texas-based firms, which say it could take business away from them.

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