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Texas Education Code - Section 53A.38. Reserves For Operating And Other Expenses

Legal Research Home > Texas Lawyer > Education Code > Texas Education Code - Section 53A.38. Reserves For Operating And Other Expenses

§ 53A.38. RESERVES FOR OPERATING AND OTHER 
EXPENSES.  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.

Added by Acts 2005, 79th Leg., ch. 641, § 2, eff. Sept. 1, 2005.           

Last modified: August 10, 2007