Tex. Educ. Code § 46.033

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 46.033 - Eligible Bonds

Bonds, including bonds issued under Section 45.006, are eligible to be paid with state and local funds under this subchapter if:

(1) the district made payments on the bonds during the final school year of the preceding state fiscal biennium or taxes levied to pay the principal of and interest on the bonds were included in the district's audited debt service collections for that school year; and

(2) the district does not receive state assistance under Subchapter A for payment of the principal and interest on the bonds.

Tex. Educ. Code § 46.033

Amended by Acts 2009, 81st Leg., R.S., Ch. 1328, Sec. 76, eff. 9/1/2009.

Amended by Acts 2007, 80th Leg., R.S., Ch. 235, Sec. 2, eff. 9/1/2007.

Amended by Acts 2005, 79th Leg., Ch. 899, Sec. 12.01, eff. 8/29/2005.

Amended by Acts 2003, 78th Leg., ch. 201, Sec. 40, eff. 9/1/2003.

Amended by Acts 2001, 77th Leg., ch. 1156, Sec. 9, eff. 9/1/2001

Added by Acts 1999, 76th Leg., ch. 396, Sec. 1.29, eff. 9/1/1999.