Tex. Educ. Code § 12.1168 · Subchapter D. OPEN-ENROLLMENT CHARTER SCHOOL
FINANCIAL REPORT OF CERTAIN SCHOOLS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) In this section, "related party" has the meaning adopted by commissioner rule under Section 12.1166.
(b) A financial report filed under Section 44.008 by an open-enrollment charter school must separately disclose:
(1) all financial transactions between the open-enrollment charter school and any related party, separately stating the principal, interest, and lease payments; and
(2) the total compensation and benefits provided by the school and any related party for each member of the governing body and each officer and administrator of the school and the related party.
(c) The commissioner may adopt rules to implement this section.
Notes and commentary — not statutory text
History
Added by Acts 2019, 86th Leg., R.S., Ch. 631 (S.B. 1454), Sec. 6, eff. June 10, 2019.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/ED/htm/ED.12.htm
- Text hash
- sha256 fa72bb20a4fcabfbe028a2ea89c7c575fa411a7459f7eb469360164be9d202e1
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.