Texas Education Code

§ 45.254 — ELIGIBILITY

ED § 45.254Title 2. PUBLIC EDUCATION · Part I. SCHOOL FINANCE AND FISCAL MANAGEMENT · Ch. 45. SCHOOL DISTRICT FUNDS · Art. I. INTERCEPT PROGRAM TO PROVIDE CREDIT ENHANCEMENT FOR BONDS

Statute text

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To be eligible for approval by the commissioner for credit enhancement under this subchapter:

(1)bonds must be issued in the manner provided by Section 45.054; and

(2)payments of all of the principal of the bonds must be scheduled during the first six months of the state fiscal year.

Legislative history

Added by Acts 2009, 81st Leg., R.S., Ch. 1328 (H.B. 3646), Sec. 75, eff. September 1, 2009.