Texas Education Code

§ 12.128 — PROPERTY PURCHASED OR LEASED WITH STATE FUNDS

ED § 12.128Title 2. PUBLIC EDUCATION · Part C. LOCAL ORGANIZATION AND GOVERNANCE · Ch. 12. CHARTERS · Art. D. OPEN-ENROLLMENT CHARTER SCHOOL

Statute text

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(a)Property purchased with funds received by a charter holder under Section 12.106:

(1)is considered to be public property for all purposes under state law;

(2)is property of this state held in trust by the charter holder for the benefit of the students of the open-enrollment charter school;

(3)may be used only for a purpose for which a school district may use school district property; and

(4)is exempt from ad valorem taxation as provided by Section 11.11, Tax Code. (a-1) Property leased with funds received by a charter holder under Section 12.106:

(1)is considered to be public property for all purposes under state law;

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Legislative history

Acts 2013, 83rd Leg., R.S., Ch. 1140 (S.B. 2), Sec. 37, eff. September 1, 2013. Acts 2019, 86th Leg., R.S., Ch. 631 (S.B. 1454), Sec. 7, eff. June 10, 2019. Acts 2021, 87th Leg., R.S., Ch. 916 (H.B. 3610), Sec. 2, eff. September 1, 2021. Acts 2021, 87th Leg., R.S., Ch. 916 (H.B. 3610), Sec. 3, eff. September 1, 2021.