Texas Education Code

§ 12.141 — RECLAIMED FUNDS

ED § 12.141Title 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)The agency shall deposit funds received under Sections 12.106, 12.128, 12.1281, 12.1283, and 12.1284 into the charter school liquidation fund and may use the funds to:

(1)pay expenses relating to managing and closing an open-enrollment charter school that ceases to operate, including:

(A)maintenance of the school's student and other records; and

(B)the agency's personnel costs associated with managing and closing the school;

(2)dispose of property described by Section 12.128; and

(3)maintain property described by Section 12.128, including expenses for insurance, utilities, maintenance, and repairs.

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Legislative history

Added by Acts 2019, 86th Leg., R.S., Ch. 631 (S.B. 1454), Sec. 9, eff. June 10, 2019.