SB 2395
AN ACT relating to general obligation bonds issued by school districts.
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 general obligation bonds issued by school districts.
Subject Areas
Bill Text
relating to general obligation bonds issued by school districts. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Section 45.1105(a), Education Code, is amended (a) A school district may use the unspent proceeds of issued (1) for the specific purposes for which the bonds were [(3) for a purpose other than the specific purposes for which the bonds were authorized if: [(A) the specific purposes are accomplished or [(B) the board of trustees at a public meeting held only for the purpose of considering the use of the unspent bond proceeds approves in separate votes the use of the proceeds for: [(i) a purpose other than to retire the [(ii) the purpose specified at the time the SECTION 2. Sections 45.1105(b) and (c), Education Code, are SECTION 3. This Act applies only to a general obligation bond authorized to be issued at an election held on or after the SECTION 4. This Act takes effect September 1, 2025.
Bill History
filed
Bill filed: AN ACT relating to general obligation bonds issued by school districts.
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