Texas Education Code - Section 46.033. Eligible Bonds
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§ 46.033. ELIGIBLE BONDS. Bonds, including bonds issued
under Section 45.006, are eligible to be paid with state and local
funds under this subchapter if:
(1) the district made payments on the bonds during the
2004-2005 school year or taxes levied to pay the principal of and
interest on the bonds were included in the district's audited debt
service collections for that school year; and
(2) the district does not receive state assistance
under Subchapter A for payment of the principal and interest on the
bonds.
Added by Acts 1999, 76th Leg., ch. 396, § 1.29, eff. Sept. 1,
1999. Amended by Acts 2001, 77th Leg., ch. 1156, § 9, eff. Sept.
1, 2001; Acts 2003, 78th Leg., ch. 201, § 40, eff. Sept. 1, 2003;
Acts 2005, 79th Leg., ch. 899, § 12.01, eff. Aug. 29, 2005.
Section: 46.009 46.010 46.011 46.012 46.013 46.031 46.032 46.033 46.034 46.035 46.036 46.037 46.061 51.904
Last modified: August 10, 2007
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