Tex. Educ. Code § 55.14 · Subchapter B. REVENUE BONDS AND FACILITIES
TERMS AND CONDITIONS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The bonds may be issued to mature serially or otherwise within not to exceed 50 years from their date, and each board may provide for the subsequent issuance of additional parity bonds, or subordinate lien bonds, under any terms or conditions that may be set forth in the resolution authorizing the issuance of the bonds.
(b) The bonds, and any interest coupons appertaining thereto, are and shall constitute negotiable instruments within the meaning and for all purposes of the Texas Uniform Commercial Code (provided that the bonds may be issued registrable as to principal alone or as to both principal and interest), and shall be executed, and may be made redeemable prior to maturity, and may be issued in such form, denominations, and manner, and under such terms, conditions, and details, and may be sold in such manner, at such price, and under such terms, and said bonds shall bear interest at such rates, all as shall be determined and provided by the board in the resolution authorizing the issuance of the bonds.
Notes and commentary — not statutory text
History
Acts 1971, 62nd Leg., p. 3072, ch. 1024, art. 1, Sec. 1, eff. Sept. 1, 1971.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/ED/htm/ED.55.htm
- Text hash
- sha256 ba5e80755317b2aa644a23a0bb43f44037e7a57a1c563fb0f16cfa3c323b117b
- 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
Cited by 5 provisions
Provisions in this library whose text cites Tex. Educ. Code § 55.14. Each shows the citation as that text prints it.
Education Code
- Tex. Educ. Code § 55.17PLEDGES; PARIETAL RULES; TYPES OF FEES; ADDITIONAL PLEDGE OF RESOURCES; ACQUISITION, ETC. OF PROPERTY; REVENUE BONDS.Printed as Sections 55.13, 55.14, 55.17, and 55.19
- Tex. Educ. Code § 55.1713THE TEXAS A&M UNIVERSITY SYSTEM.Printed as Sections 55.13, 55.14, 55.17, 55.171, 55.1711, 55.1712, and 55.19
- Tex. Educ. Code § 55.1714THE UNIVERSITY OF TEXAS SYSTEM.Printed as Sections 55.13, 55.14, 55.17, 55.172, and 55.19
- Tex. Educ. Code § 55.1715THE UNIVERSITY OF HOUSTON SYSTEM.Printed as Sections 55.13, 55.14, 55.17, 55.171, and 55.19
- Tex. Educ. Code § 55.1716TEXAS STATE UNIVERSITY SYSTEM.Printed as Sections 55.13, 55.14, 55.17, and 55.19
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.