Texas Education Code - Section 52.82. Issuance; Sale
Legal Research Home >
Texas Lawyer > Education Code > Texas Education Code - Section 52.82. Issuance; Sale
§ 52.82. ISSUANCE; SALE. (a) The board may by resolution
authorize the issuance of general obligation bonds in total
aggregate amounts not to exceed:
(1) $300 million under Section 50b-3, Article III,
Texas Constitution;
(2) $300 million under Section 50b-4, Article III,
Texas Constitution; and
(3) $400 million under Section 50b-5, Article III,
Texas Constitution.
(b) Before the board may issue bonds under this subchapter,
the Bond Review Board must review and approve the bonds under
Chapter 1231, Government Code.
(c) The board may sell the bonds at a negotiated sale if the
board determines that a negotiated sale is a more efficient and
economical method of selling the bonds.
(d) The total amount of bonds issued by the board in a state
fiscal year may not exceed $125 million.
Added by Acts 1991, 72nd Leg., 2nd C.S., ch. 5, § 1. Amended by
Acts 1995, 74th Leg., ch. 300, § 4, eff. Nov. 7, 1995; Acts 1999,
76th Leg., ch. 144, § 4, eff. Nov. 2, 1999; Acts 2001, 77th Leg.,
ch. 1420, § 8.215, eff. Sept. 1, 2001; Acts 2003, 78th Leg., ch.
779, § 2, eff. June 20, 2003.
Section: 52.69 52.70 52.71 52.72 52.73 52.74 52.81 52.82 52.83 52.84 52.85 52.86 52.87 52.88 52.89
Last modified: August 10, 2007
|
