Tex. Educ. Code § 45.001 · Subchapter A. TAX BONDS AND MAINTENANCE TAXES
BONDS AND BOND TAXES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The governing board of an independent school district, including the city council or commission that has jurisdiction over a municipally controlled independent school district, the governing board of a rural high school district, and the commissioners court of a county, on behalf of each common school district under its jurisdiction, may:
(1) issue bonds for:
(A) the construction, acquisition, and equipment of school buildings in the district;
(B) the acquisition of property or the refinancing of property financed under a contract entered under Subchapter A, Chapter 271, Local Government Code, regardless of whether payment obligations under the contract are due in the current year or a future year;
(C) the purchase of the necessary sites for school buildings;
(D) the purchase of new school buses;
(E) the retrofitting of school buses with emergency, safety, or security equipment; and
(F) the purchase or retrofitting of vehicles to be used for emergency, safety, or security purposes; and
(2) levy, pledge, assess, and collect annual ad valorem taxes sufficient to pay the principal of and interest on the bonds as or before the principal and interest become due, subject to Section 45.003.
(b) The bonds must mature serially or otherwise not more than 40 years from their date. The bonds may be made redeemable before maturity.
(c) Bonds may be sold at public or private sale as determined by the governing board of the district.
Notes and commentary — not statutory text
History
Added by Acts 1995, 74th Leg., ch. 260, Sec. 1, eff. May 30, 1995. Amended by Acts 1999, 76th Leg., ch. 1536, Sec. 1, eff. June 19, 1999; Acts 2001, 77th Leg., ch. 1500, Sec. 1, eff. June 17, 2001.
Amended by:
Acts 2009, 81st Leg., R.S., Ch. 1240 (S.B. 2274), Sec. 2, eff. June 19, 2009.
Acts 2009, 81st Leg., R.S., Ch. 1328 (H.B. 3646), Sec. 87(b), eff. June 19, 2009.
Acts 2019, 86th Leg., R.S., Ch. 464 (S.B. 11), Sec. 21, eff. June 6, 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.45.htm
- Text hash
- sha256 27953a7967d90d19fb568d0d2eca5f109e6abbd00c3f6b7742a44be43d7ee8d1
- 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.
Cited by 8 provisions
Provisions in this library whose text cites Tex. Educ. Code § 45.001. Each shows the citation as that text prints it.
Education Code
- Tex. Educ. Code § 11.1511SPECIFIC POWERS AND DUTIES OF BOARD.Printed as Sections 45.001 and 45.003
- Tex. Educ. Code § 12.106STATE FUNDING.Printed as Section 45.001(a)(1)
- Tex. Educ. Code § 44.004NOTICE OF BUDGET AND TAX RATE MEETING; BUDGET ADOPTION.Printed as Section 45.001
- Tex. Educ. Code § 45.0011CREDIT AGREEMENTS IN CERTAIN SCHOOL DISTRICTS.Printed as Sections 45.001 and 45.003(b)(1)
- Tex. Educ. Code § 45.003BOND AND TAX ELECTIONS.Printed as Section 45.001 | Section 45.001 or 45.002
- Tex. Educ. Code § 45.0031LIMITATION ON ISSUANCE OF TAX-SUPPORTED BONDS.Printed as Section 45.001
- Tex. Educ. Code § 45.004REFUNDING BONDS.Printed as Section 45.001
- Tex. Educ. Code § 45.114BOND, TAX, AND PROJECT DATABASE.Printed as Section 45.001
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.