Tex. Educ. Code § 53B.38 · Subchapter C. POWERS AND DUTIES
RESERVES FOR OPERATING AND OTHER EXPENSES.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
Money for the payment of not more than two years' interest on the bonds and an amount estimated by the board to be required for operating expenses during the first year of operation may be set aside for those purposes out of the proceeds from the sale of the bonds.
Notes and commentary — not statutory text
History
Added by Acts 2005, 79th Leg., Ch. 641 (H.B. 2701), Sec. 2, eff. September 1, 2005.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/ED/htm/ED.53B.htm
- Text hash
- sha256 ad4598d688f8615f74a98c44b5a04112d47c8e8141cf1966bce64e346a230e9f
- 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
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.