Texas Education Code - Section 45.084. Contracts
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§ 45.084. CONTRACTS. The district may execute contracts
for constructing or equipping school buildings in the district or
for purchasing any necessary sites for school buildings in the
manner provided by law. If any contract recites that payments under
the contract are to be made either from the proceeds from the sale
of real property under an installment sale agreement or any similar
method pursuant to this subchapter or from proceeds from the sale of
bonds issued pursuant to this subchapter, then the contract may be
made payable in installments to correspond with the receipt by the
district either of proceeds under the sale agreement or proceeds
from the sale of any bonds to be issued and delivered in more than
one issue, series, or installment, and the contract is not a
prohibited debt or indebtedness of the district if the payments
under the contract are required to be made solely from the proceeds
from the sale of real property or the bonds.
Added by Acts 1995, 74th Leg., ch. 260, § 1, eff. May 30, 1995.
Section: 45.060 45.061 45.062 45.063 45.081 45.082 45.083 45.084 45.085 45.086 45.087 45.101 45.102 45.103 45.104
Last modified: August 10, 2007
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