Texas Education Code

§ 7.024 — INVESTMENT CAPITAL FUND

ED § 7.024Title 2. PUBLIC EDUCATION · Part B. STATE AND REGIONAL ORGANIZATION AND GOVERNANCE · Ch. 7. STATE ORGANIZATION · Art. B. TEXAS EDUCATION AGENCY

Statute text

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(a)The investment capital fund consists of money appropriated for purposes of the fund. The agency shall administer the fund. The purposes of this fund are to assist eligible public schools to implement practices and procedures consistent with deregulation and school restructuring in order to improve student achievement and to help schools identify and train parents and community leaders who will hold the school and the school district accountable for achieving high academic standards.

(b)The commissioner may make grants from the fund to eligible schools.

(c)A school is eligible to apply for a grant if the school has demonstrated a commitment to campus deregulation and to restructuring educational practices and conditions at the school by entering into a partnership with:

(1)school staff;

(2)parents of students at the school;

(3)community and business leaders;

…

Legislative history

Acts 2009, 81st Leg., R.S., Ch. 1328 (H.B. 3646), Sec. 2, eff. September 1, 2009.