School Funding Intended to be Self-Supporting, NOT a burden to We the People via Taxation
Wiki says:
The Texas Permanent School Fund is a sovereign wealth
fund which serves to provide revenues for funding of public primary and secondary education in the US state of Texas.
Its assets include many publicly owned lands within Texas and various other investments; as of the end of fiscal 2014
(August 31), the fund had an endowment of $36.3 billion. The fund is distinct from the Permanent University Fund,
which funds most institutions in the University of Texas System and the Texas A&M University System, but no other public
universities or schools in the state.
Management:
The lands and other assets in the fund are managed by
the Texas General Land Office (GLO). Money is added to the fund whenever lands under GLO management are sold or leased,
or when mineral royalties are collected on natural resource extraction on these lands. Royalties on oil and gas
extraction are the fund's major source of revenues.
The General Land Office then reinvests these revenues and manages the investments. The interest produced by the fund's investments is distributed to the state's public school districts (in proportion to their average daily student attendance), but the fund itself may not be spent; this provision ensures that the fund will continue to grow, and its revenues will be available for Texas public schools in perpetuity.
History and enlargement:
In 1854 an act of the Texas Legislature established the Special School Fund (a predecessor to the Permanent School
Fund), intended to fund the state's public school system. The fund was endowed with $2 million taken from the money paid
to Texas by the federal government in return for Texas's claimed territory in what are now parts of New Mexico, Colorado
and Oklahoma.
After the Civil War and Reconstruction, in 1876 Texas enacted a new constitution which changed the fund's name to the Permanent School Fund and transferred half of the public lands owned by the state to the fund as its new endowment. The 1876 constitution also tasked the General Land Office with the management of these lands and the fund.
In 1953, the United States Congress passed the Submerged Lands Act, which returned to the States the navigable territorial waters that had been historically the property of the States. Because Texas's historical territorial waters originated with its period as a sovereign state, the US Supreme Court ruled in United States v. Louisiana (1960) 363 U.S. 1 (1960) that Texas was in the unique position of owning territory out to three leagues (10.35 miles) from its coastline. These lands were also added to the Permanent School Fund, further enlarging its assets.
References:
"Texas Permanent School Fund: Annual Report".
Texas Education Agency. Retrieved 13 May 2015. Page at the cited URL contains a link to the report in PDF format; click on "I Agree" to download.
"Texas Permanent School Fund".
Texas Education Agency. Retrieved 13 May 2012.
("Permanent School Fund".
Texas General Land Office. Retrieved 13 May 2015. )
McClellan, Michael E. (15 June 2010). "PERMANENT SCHOOL FUND". Handbook of Texas Online. Texas State Historical Association. Retrieved 13 May 2015.
Efforts to fix broken Permanent School Fund Move forward in Texas Senate - Houston Chronicle
(.PDF)
1876 Texas Constitution: Article VII Education - The Public Free Schools Tarlton Law Library
(.PDF)
Current Texas Constitution: Article 7 Education:
(.PDF)
https://statutes.capitol.texas.gov/Docs/CN/htm/CN.7.htm
Standard v. Sadler: 1964 : Supreme Court of Texas Decisions
(.PDF)
Texas Education and the Permanent School Fund
(.PDF)
Oregon O'Day School Trust Lands
(.PDF)
The Relinquishment Act - an Interesting Chapter in Texas History
(.PDF)
George P. Bush v. State Board of Education tussle over education funds: Texas Tribune.org
(.PDF)
In the Michigan Enabling Acts it is Act of June 23, 1836 first provision that lays out section 16 in every township is given to the state for use of the schools. All the eastern public land states had such a provision while the western public land states got two sections in every township.
The following gives considerable detail as to why the U.S. gave land grants to the states to support public general schools and colleges.
https://files.eric.ed.gov/fulltext/ED518388.pdf
Road and Bridge
Court System - Each Court Case initiates several securities generating one of the largest revenue streams in the United States
These are Notes from a Gene Keating workshop
Statutes are bonds. Courtroom charges are civil, not criminal. Clerk's Praxis was the court of arches under the king's
bench written at the time of Edward I. It's a court of probates. John Hall wrote this book. This was used in
vice-admiralty courts in the colonies in the American Revolution and this is what caused the revolution.
Everything involves bonds. When you are arrested there are two different sets of bond. A bid bond is filled out when you
are arrested. US District court forms used SF 273, 274, and 275. There are another set of bonds. Both are put out by the
GSA. SF form 24 is the bid bond. The performance bond is SF form 25. The payment bond is SF form 25 A. These are all put
out by the GSA, under the Comptroller of the Currency under the GAO (general accounting office).
SF 273, 274 and 275 are the bonds for federal level courts to use. What are they doing with these bonds? In the court
room you are being sued for debt collection. It is an action in assumpsit. The word presume comes from assumpsit. "I
agree, or I undertook to do..." Assumpsit means collection of debt.
All these bonds have a penal sum attached to it. If you go into default judgment, you end up in prison wondering what is
going on. If you argue jurisdiction, or refuse to answer questions that the court addresses to you, you'll be in
contempt of court and in jail. This goes back to Edward I and Clerk's Praxis. This is all civil and not criminal. It's a
smoke screen to cover up what they are doing.
They brought someone to court under an arrest bond. There was a civil suit. Clerk's Praxis is Latin for practice. Praxis
means practice. This book is an actual practice book that goes into everything Jack Smith teaches, letter rogatories.
You are held until the suit is complete, they get a default judgment for failure to pay a debt and then you are put in
prison. Attorneys are there as a smoke screen to cover up what is really done. They lead you into default judgment by
argument (dishonor), you go to prison and then the default judgment is sold.
US District Court buys all the state court judgments. Type US Court in any search engine. After you get to US Courts
there are 11 circuit courts of the US listed. Click on circuit 7 and that takes you into all the list of courts. To find
Ohio/Illinois find circuit 7 is northern Illinois district courts, bankruptcy courts, etc. and then you'll find a box
that says clerk's office. Scroll down and you'll see administrative offices and under that you'll see financial
departments. It talks about the criminal justice acts, optional bids, it's all spelled out.
Go to List of sureties. Why would they have a list of sureties in a federal district court? When you click on this it
takes you to www.FMS.Treas.Gov . This is department of treasury. Then you will see on the left hand side of the screen,
admitted and reinsured. Under that is list of sureties. Under that is 'forms.' If you click on admitted, re-insureds,
there are over 300 insurance companies. There's a complete list. There's also a list of Surety Companies. These are more
insurance companies. Under Circular 750 the dept. of treasury these insurance company have to be certified before they
can purchase the bonds. They can't put up bonds unless they are certified by the secretary of the treasury.
Next you go to "forms." Click here it goes to the Miller Backed Reinsurance; it'll list three different type of bonds.
You don't use a bid bond in district court. These bonds come out of the GSA. The 273, 274 and 275 bond forms are as
follows: 273 is the reinsurance agreement with the US; 274 is the Miller Act Reinsurance Performance Bond; 275 is your
payment bond, the Miller Act Reinsurance Payment Bond.
What are they doing with these bonds? They have regulations governing these bonds.......2,000 pages governing these
bonds. Gene will sell these for $50. If you go into these regulations they tell you they're buying up commercial items
(actual words) 2.01 of these regulations. These regulations are divided into 50 parts. There 1126 pages Volume1; 823
pages in volume 2. Commercial items are nonpersonal property. Property that is not real estate; moveable property. Real
estate is not moveable. These terms are defined in UCC.
Commercial items are commercial paper. This is the 8th edition of Black's Law which just came out. "Commercial items:
it's commercial paper; negotiable instruments; anything you put your signature on is a negotiable instrument lex
mercantoria.(?) This is used in the courtroom because everyone of us is a merchant of law. Because I use commercial
paper on a day-to-day schedule I am considered an expert. This is why they don't tell us what's going on in the court
room. Every time we put our signature on a paper, we're creating negotiable and non-negotiable instruments and that
makes us experts. When I endorse it under 3-419, I'm an accommodation party or an accommodation maker. Anyone who loans
his signature to another party is an accommodation party. This is in 3-419 of the UCC.
When you loan your signature to them, they can rewrite your signature on any document they want to. The federal courts
buy up the state courts default judgments. These are civil and just being called criminal to cover up what they are
doing. If you don't pay the debt you go to prison.
CUSIP is an identification. DTC Depository Trust Corporation, and has several other monikers. Depository Trust Clearing
Corporation. 1 trillion dollars a day goes through the DTC. Govt Clearing Securities Clearing Corporation is another
day. CUSIP (committee on uniform identification processes) is a trademark of Standard and Poors and is on bottom floor
of the building at Water Street in Washington DC. CUSIP cins (cusip international numbering system) is an international
numbering system. Domestic securities have 6 digit numbers; international number (isid -- international securities
identification division--plus) are a global networking system. Paine Webber, with 10,000 corporations in it, is the
major stockholder of CCA, Corrections Corporation of America in Nashville, TN.
They have privatized the system. Ginnie Mae, Fannie Mae, HUD, are all international. Everyone is feeding off the prison
system internationally. All major corporations are feeding off the prison system including REIT (Real Estate Investment
Trust), PZNPrison Trust. All real estate companies are holding bonds and the bonds are not redeemed and they haven't
closed my account. Lehman Bros just gave $6 billion. New York City had a $3 billion deficit. Lehman Brothers gave NYC
the money to build credit facility (not prison system). Lehman Brothers is underwriting the prison system. They buy up
the bid bonds, the court judgments.
There are international treaties that are reinsurance treaties. Insurance Companies come in and act as sureties for the
bid bonds. The performance, bid, and payment bonds are all surety bonds. All bid bonds must have a surety. The surety is
guaranteeing the reinsuring of the bid bond by issuing the performance bond. They get an underwriter (investment broker
or banker) to underwrite the performance bond which reinsures the bid bond. The underwriter takes the payment,
performance and bid bonds and pools them into 'mortgage backed securities' which are called bonds and sold to TBA, The
Bond Market Association, an actual corporation. After the payment bond is issued to reinsure or underwrite the
performance bond, which reinsures the bid bond, the banks convert the bonds to investment securities. The banks and
brokerage houses are selling these as investment securities. The prisoners are funding the whole enchilada. Because you
got into default judgment when you went into the court room.
There are regulations governing these that are all in 48CFR, title 48 code of federal regulations.
This is where Gene gets all the information. It's on his $50 disc. Part 12 deals with commercial items, which are
negotiable instruments, which are court judgments--the performance, payment and bid bonds. . Any time you deal in bonds
you are dealing with risk management. A reinsurer and reinsurer means you are dealing in risk management. The reinsurer
is assuming part of the risk of the bid bond; they give him a portion of the original premium. The original insurer gets
part of the premium of the policy of the bid bond for acting as surety for the bid bond. The underwriter guarantees the
resale of the bonds back to the public as investment securities.
To win in court you have to redeem the bond. Gene went to court and asked for his bid bond. He asked for post settlement
closure of the account. This process is hypothecation. You have to know how to hypothecate the bond. Banks make
derivatives out of your promissory notes and sell them (mortgages, credit cards etc). These prison bonds are being
monetized. They make an investment security out of it. They make a fortune off the prisoners. These bonds go
international into sinds and then into ANNA (annual numerical numbering association) in Brussels, Belgium with unlimited
capital. This is where euro, yin, sterling, everything is under the prison system. All countries are feeding off it.
This is what was behind 911. State legislatures pass bond statutes so they can arrest people for paper terrorism.
American Legislative Exchange Committee is behind all this. Paul Warrick owns this think tank. ALEC promotes
privatization of the prison system. They go to the National Congress of Commissioners which are 72 judges and lawyers
who 'grew up' under the UCC under lex mercatoria. "The principles of the law merchant are the rules of the decisions of
all the courts." Everything is commercial. All crimes are commercial. All crimes....kidnapping, robbery, extortion,
murder. You don't close the account, you go to prison. The bond gets sold domestically and internationally.
The bonds are sold on the NYSE. CCA (Corrections Corp of America) sells their stock and shares on the NYSE. John D.
Russell owns 64 million shares of CCA. John Ferguson, VP, owns 5 million shares. They are on the CCA board of directors.
The Dillon Corrections Corp is owned by David Dillon and merged with Trinity Ventures Investment who then became SB
Warburg. That's part of the Warburg family, located in Chicago, Illinois. They are hooked up with the BIF bank, the bank
of international settlements in Switzerland, one of the largest banks in the world. This is why people do not win in
court. Trial and pre sentencing are just a dog and pony show.
Don't use a bond, Gene says. Use a bid bond. It has the word principle....I am the principal, the strawman is the
surety. Put the strawman as the surety and myself as the principal. Then I fill out a performance bond which is a
reinsurance bond for the bid bond. On the reinsurance bond I will put myself down as the guarantor or the reinsurer. The
performance bond is 274. The payment bond underwrites the performance. I can underwrite the bid bond with the
performance bond. That's the reinsurer. The courts do this for me, because I don't know this stuff. And then they make
the money off me.
If you have a case pending, go into whatever district you are in. Find the court, type in the case number and it'll tell
me who has my bond. Banks are all tied into this. Every time I sign a check, it's a promissory note, the bank makes a
derivative out of it. The bank endorses it on the back, without recourse, and monetize it by selling it as a derivative.
They sell it internationally. My $100 check is used by 20 or 30 corporations internationally. This is why we are not
getting back our canceled checks. The reason is they are sold as promissory notes. The banks make derivatives out of
them and sell them internationally. Therefore, I am loaning money to the bank. The bank reloans it to other people. The
CUSIP # is a 9 digit number. Internationally it's up into 12 digits, representing trillions of dollars.
Bonds issued on all Court Cases -
(.DOCX)