SB 1382
AN ACT relating to the eligibility of certain school districts with
Senate Bill
89th Regular Session
Jan 14, 2025 - Jun 2, 2025 • Session ended
Awaiting Committee Assignment
Bill filed, pending referral to Senate committee
Committee
Not yet assigned
Fiscal Note
Not available
What This Bill Does
relating to the eligibility of certain school districts with
Bill Text
relating to the eligibility of certain school districts with outstanding debt for the guarantee of a bond by the permanent school BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Subchapter C, Chapter 45, Education Code, is amended by adding Section 45.0542 to read as follows: Sec. 45.0542. ELIGIBILITY OF CERTAIN SCHOOL DISTRICTS WITH OUTSTANDING DEBT. The commissioner may approve the guarantee of a school district's eligible bonds under this subchapter only if the ratio of the total amount of the district's outstanding bonds to the number of students enrolled in the district is not more than $10,000 SECTION 2. The change in law made by this Act applies only to the guarantee of a school district's bond under Subchapter C, Chapter 45, Education Code, as amended by this Act, that is issued on or after the effective date of this Act. The guarantee of a school district's bond under that subchapter that is issued before the effective date of this Act is governed by the law in effect on the date the bond was issued, and the former law is continued in SECTION 3. This Act takes effect September 1, 2025.
Bill History
filed
Bill filed: AN ACT relating to the eligibility of certain school districts with
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