reglab/housing_qa huggingface dataset:
TX Educ Code § 45.006 (2021)
2021 Texas Statutes|Education Code|Title 2 - Public Education|Subtitle I - School Finance and Fiscal Management|Chapter 45 - School District Funds|Subchapter A. Tax Bonds and Maintenance Taxes|Section 45.006. Maintenance Tax Required for Judgment Ordering Ad Valorem Tax Refund; Bonds

Sec. 45.006.  MAINTENANCE TAX REQUIRED FOR JUDGMENT ORDERING AD VALOREM TAX REFUND;  BONDS.  (a)  This section applies only to a school district that:(1)  has an average daily attendance of less than 10,000;  and(2)  is located in whole or part in a municipality with a population of less than 25,000 that is located in a county with a population of 200,000 or more bordering another county with a population of 2.8 million or more.(b)  Notwithstanding Section 45.003, a school district may levy, assess, and collect maintenance taxes at a rate that exceeds $1.50 per $100 valuation of taxable property if:(1)  additional ad valorem taxes are necessary to pay a debt of the district that:(A)  resulted from the rendition of a judgment against the district before May 1, 1995;(B)  is greater than $5 million;(C)  decreases a property owner's ad valorem tax liability;(D)  requires the district to refund to the property owner the difference between the amount of taxes paid by the property owner and the amount of taxes for which the property owner is liable;  and(E)  is payable according to the judgment in more than one of the district's fiscal years;  and(2)  the additional taxes are approved by the voters of the district at an election held for that purpose.(c)  Except as provided by Subsection (e), any additional maintenance taxes that the district collects under this section may be used only to pay the district's debt under Subsection (b)(1).(d)  Except as provided by Subsection (e), the authority of a school district to levy the additional ad valorem taxes under this section expires when the judgment against the district is paid.(e)  The governing body of a school district shall pay the district's debt under Subsection (b)(1) in a lump sum.  To satisfy the district's debt under Subsection (b)(1), the governing body may levy and collect additional maintenance taxes as provided by Subsection (b) and may issue bonds.  If bonds are issued:(1)  the district may use any additional maintenance taxes collected by the district under this section to pay debt service on the bonds;  and(2)  the authority of the district to levy the additional ad valorem taxes expires when the bonds are paid in full or the judgment is paid, whichever occurs later.(f)  The governing body of a school district that adopts a tax rate that exceeds $1.50 per $100 valuation of taxable property may set the amount of the exemption from taxation authorized by Section 11.13(n), Tax Code, at any time before the date the governing body adopts the district's tax rate for the tax year in which the election approving the additional taxes is held.(g)  The authority to issue bonds granted by this section expires June 1, 1996.|Added by Acts 1995, 74th Leg., ch. 260, Sec. 1, eff. May 30, 1995.|
TX Educ Code § 45.031 (2021)
2021 Texas Statutes|Education Code|Title 2 - Public Education|Subtitle I - School Finance and Fiscal Management|Chapter 45 - School District Funds|Subchapter B. Revenue Bonds|Section 45.031. Gymnasia, Stadia, and Other Recreational Facilities

Sec. 45.031.  GYMNASIA, STADIA, AND OTHER RECREATIONAL FACILITIES.  The governing board of an independent school district, including the city council or commission that has jurisdiction over a municipally controlled independent school district, the governing board of a rural high school district, and the commissioners court of a county, on behalf of each common school district under its jurisdiction, may acquire, construct, improve, equip, operate, and maintain gymnasia, stadia, or other recreational facilities for and on behalf of its district.  The facilities may be located inside or outside of the district.|Added by Acts 1995, 74th Leg., ch. 260, Sec. 1, eff. May 30, 1995.|
TX Educ Code § 45.032 (2021)
2021 Texas Statutes|Education Code|Title 2 - Public Education|Subtitle I - School Finance and Fiscal Management|Chapter 45 - School District Funds|Subchapter B. Revenue Bonds|Section 45.032. Revenue Bonds

Sec. 45.032.  REVENUE BONDS.  To provide funds to acquire, construct, improve, or equip gymnasia, stadia, or other recreational facilities, the board, city council or commission, or commissioners court may issue revenue bonds payable from and secured by liens on and pledges of all or any part of any of the revenues from any rentals, rates, charges, or other revenues from any or all of the facilities, in the manner provided by this subchapter.  The bonds may be additionally secured by mortgages and deeds of trust on any real property on which any of the facilities are or will be located, or any real or personal property incident or appurtenant to the facilities, and the board, city council or commission, or commissioners court may authorize the execution and delivery of trust indentures, mortgages, deeds of trust, or other forms of encumbrances to evidence those liens.  The bonds may be issued to mature serially or otherwise not to exceed 50 years from their date.  In the authorization of any of those bonds, the board, city council or commission, or commissioners court may provide for the subsequent issuance of additional parity bonds, or subordinate lien bonds, or other types of bonds, under the terms set forth in the resolution or order authorizing the issuance of the bonds, all within the discretion of the board, city council or commission, or commissioners court.  The bonds may be made redeemable before maturity.  The bonds may be sold in the manner, at the price, and under the terms provided by the board, city council or commission, or commissioners court in the resolution or order authorizing the issuance of the bonds.  If permitted by the bond resolution or order, any required part of the proceeds from the sale of the bonds may be:(1)  used for paying interest on the bonds during the period of the construction of any facilities to be provided through the issuance of the bonds;(2)  used for paying the operation and maintenance expenses of facilities to the extent and for the period specified in the bond resolution;(3)  used for creating reserves for the payment of the principal of and interest on the bonds;  or(4)  invested, until needed, to the extent and in the manner provided in the bond resolution or order.|Added by Acts 1995, 74th Leg., ch. 260, Sec. 1, eff. May 30, 1995.|
TX Educ Code § 45.033 (2021)
2021 Texas Statutes|Education Code|Title 2 - Public Education|Subtitle I - School Finance and Fiscal Management|Chapter 45 - School District Funds|Subchapter B. Revenue Bonds|Section 45.033. Rentals, Rates, and Charges

Sec. 45.033.  RENTALS, RATES, AND CHARGES.  The board, city council or commission, or commissioners court may set and collect rentals, rates, and charges from students and others for the occupancy or use of any of the facilities, in the amounts and manner determined by the board, city council or commission, or commissioners court.|Added by Acts 1995, 74th Leg., ch. 260, Sec. 1, eff. May 30, 1995.|
TX Educ Code § 45.034 (2021)
2021 Texas Statutes|Education Code|Title 2 - Public Education|Subtitle I - School Finance and Fiscal Management|Chapter 45 - School District Funds|Subchapter B. Revenue Bonds|Section 45.034. Pledge of Revenues

Sec. 45.034.  PLEDGE OF REVENUES.  The board, city council or commission, or commissioners court may pledge all or any part of any of its revenues from the facilities to the payment of any bonds issued under this subchapter, including the payment of principal, interest, and any other amounts required or permitted in connection with the bonds.  If revenues from the facilities are pledged to the payment of bonds, the rentals, rates and charges for the occupancy or use of the facilities must be fixed and collected in amounts at least sufficient to provide for all payments of principal, interest, and any other amounts required in connection with the bonds, and, to the extent required by the resolution or order authorizing the issuance of the bonds, to provide for the payment of operation, maintenance, and other expenses.|Added by Acts 1995, 74th Leg., ch. 260, Sec. 1, eff. May 30, 1995.|
TX Educ Code § 45.035 (2021)
2021 Texas Statutes|Education Code|Title 2 - Public Education|Subtitle I - School Finance and Fiscal Management|Chapter 45 - School District Funds|Subchapter B. Revenue Bonds|Section 45.035. Refunding Bonds

Sec. 45.035.  REFUNDING BONDS.  Revenue bonds issued by a board, city council or commission, or commissioners court under this subchapter and revenue bonds issued by a board, city council or commission, or commissioners court under other law and payable from revenues from facilities described by Section 45.031 may be refunded or otherwise refinanced by the board, city council or commission, or commissioners court, and in that case all appropriate provisions of this subchapter apply to the refunding bonds.  In refunding or otherwise refinancing any such bonds, the board, city council or commission, or commissioners court may, in the same authorizing proceedings, refund or refinance bonds issued pursuant to this code and bonds issued pursuant to any other law, may combine all refunding bonds and any other additional new bonds to be issued under this chapter into one or more issues or series of bonds, and may provide for the subsequent issuance of additional parity bonds, or subordinate lien bonds, or other type of bonds.  All refunding bonds must be issued and delivered under the terms set forth in the authorizing proceedings.|Added by Acts 1995, 74th Leg., ch. 260, Sec. 1, eff. May 30, 1995.|
TX Educ Code § 45.036 (2021)
2021 Texas Statutes|Education Code|Title 2 - Public Education|Subtitle I - School Finance and Fiscal Management|Chapter 45 - School District Funds|Subchapter B. Revenue Bonds|Section 45.036. Examination of Bonds by Attorney General

Sec. 45.036.  EXAMINATION OF BONDS BY ATTORNEY GENERAL.  All bonds issued pursuant to this subchapter, and the appropriate proceedings authorizing their issuance, shall be submitted to the attorney general for examination.|Added by Acts 1995, 74th Leg., ch. 260, Sec. 1, eff. May 30, 1995.|
TX Educ Code § 45.051 (2021)
2021 Texas Statutes|Education Code|Title 2 - Public Education|Subtitle I - School Finance and Fiscal Management|Chapter 45 - School District Funds|Subchapter C. Guaranteed Bonds|Section 45.051. Definitions

Sec. 45.051.  DEFINITIONS.  In this subchapter:(1)  "Board" means the State Board of Education.(1-a)  "Charter district" means an open-enrollment charter school designated as a charter district under Section 12.135.(2)  "Paying agent" means the financial institution that is designated by a school district or charter district as its agent for the payment of the principal of and interest on guaranteed bonds.|Added by Acts 1995, 74th Leg., ch. 260, Sec. 1, eff. May 30, 1995.Amended by: Acts 2011, 82nd Leg., 1st C.S., Ch. 4 (S.B. 1), Sec. 59.02, eff. September 28, 2011.|
TX Educ Code § 45.052 (2021)
2021 Texas Statutes|Education Code|Title 2 - Public Education|Subtitle I - School Finance and Fiscal Management|Chapter 45 - School District Funds|Subchapter C. Guaranteed Bonds|Section 45.052. Guarantee

Sec. 45.052.  GUARANTEE.  (a)  On approval by the commissioner, bonds issued under Subchapter A by a school district or Chapter 53 for a charter district, including refunding and refinanced bonds, are guaranteed by the corpus and income of the permanent school fund.(b)  Notwithstanding any amendment of this subchapter or other law, the guarantee under this subchapter of school district or charter district bonds remains in effect until the date those bonds mature or are defeased in accordance with state law.|Added by Acts 1995, 74th Leg., ch. 260, Sec. 1, eff. May 30, 1995.Amended by: Acts 2009, 81st Leg., R.S., Ch. 1328 (H.B. 3646), Sec. 68, eff. September 1, 2009.Acts 2011, 82nd Leg., 1st C.S., Ch. 4 (S.B. 1), Sec. 59.03, eff. September 28, 2011.Acts 2013, 83rd Leg., R.S., Ch. 280 (H.B. 885), Sec. 2, eff. September 1, 2013.|
TX Educ Code § 45.053 (2021)
2021 Texas Statutes|Education Code|Title 2 - Public Education|Subtitle I - School Finance and Fiscal Management|Chapter 45 - School District Funds|Subchapter C. Guaranteed Bonds|Section 45.053. Limitation; Value Estimates

Sec. 45.053.  LIMITATION;  VALUE ESTIMATES.  (a)  Except as provided by Subsection (d), the commissioner may not approve bonds for guarantee under this subchapter if the approval would result in the total amount of outstanding guaranteed bonds under this subchapter exceeding an amount equal to 2-1/2 times the cost value of the permanent school fund, as estimated by the board and certified by the state auditor.(b)  Each year, the state auditor shall analyze the status of guaranteed bonds under this subchapter as compared to the cost value of the permanent school fund.  Based on that analysis, the state auditor shall certify whether the amount of bonds guaranteed under this subchapter is within the limit prescribed by this section.(c)  The commissioner shall prepare and the board shall adopt an annual report on the status of the guaranteed bond program under this subchapter.(d)  The board by rule may increase the limit prescribed by Subsection (a) to an amount not to exceed five times the cost value of the permanent school fund, provided that the increased limit is consistent with federal law and regulations and does not prevent the bonds to be guaranteed from receiving the highest available credit rating, as determined by the board.  The board shall at least annually consider whether to change any limit in accordance with this subsection.   This subsection may not be construed in a manner that impairs, limits, or removes the guarantee of bonds that have been approved by the commissioner.|Added by Acts 1995, 74th Leg., ch. 260, Sec. 1, eff. May 30, 1995.  Amended by Acts 2003, 78th Leg., ch. 89, Sec. 1, eff. May 20, 2003.Amended by: Acts 2007, 80th Leg., R.S., Ch. 139 (S.B. 389), Sec. 1, eff. May 18, 2007.Acts 2009, 81st Leg., R.S., Ch. 1328 (H.B. 3646), Sec. 68A, eff. September 1, 2009.|
TX Educ Code § 45.0531 (2021)
2021 Texas Statutes|Education Code|Title 2 - Public Education|Subtitle I - School Finance and Fiscal Management|Chapter 45 - School District Funds|Subchapter C. Guaranteed Bonds|Section 45.0531. Additional Limitation: Reservation of Percentage of Permanent School Fund Value

Sec. 45.0531.  ADDITIONAL LIMITATION:  RESERVATION OF PERCENTAGE OF PERMANENT SCHOOL FUND VALUE.  (a)  In addition to the limitation on the approval of bonds for guarantee under Section 45.053, the board by rule may establish a percentage of the cost value of the permanent school fund to be reserved from use in guaranteeing bonds under this subchapter.(b)  If the board has reserved a portion of the permanent school fund under Subsection (a), each year, the state auditor shall analyze the status of the reserved portion compared to the cost value of the permanent school fund.  Based on that analysis, the state auditor shall certify whether the portion of the permanent school fund reserved from use in guaranteeing bonds under this subchapter satisfies the reserve percentage established.(c)  If the board has reserved a portion of the permanent school fund under Subsection (a), the board shall at least annually consider whether to change the reserve percentage established to ensure that the reserve percentage allows compliance with federal law and regulations and serves to enable bonds guaranteed under this subchapter to receive the highest available credit rating, as determined by the board.(d)  This section may not be construed in a manner that impairs, limits, or removes the guarantee of bonds that have been approved by the commissioner.|Added by Acts 2009, 81st Leg., R.S., Ch. 1328 (H.B. 3646), Sec. 69, eff. September 1, 2009.|For expiration of Subsections (b-1), (b-2), (b-3), and (b-4), see Subsection (b-4).
TX Educ Code § 45.0533 (2021)
2021 Texas Statutes|Education Code|Title 2 - Public Education|Subtitle I - School Finance and Fiscal Management|Chapter 45 - School District Funds|Subchapter C. Guaranteed Bonds|Section 45.0533. Communication With Nationally Recognized Investment Rating Firm

Sec. 45.0533.  COMMUNICATION WITH NATIONALLY RECOGNIZED INVESTMENT RATING FIRM.  Information obtained from a nationally recognized investment rating firm relating to Section 45.053, 45.0531, or 45.0532 that concerns a hypothetical or actual scenario relating to the credit rating of the permanent school fund or the bond guarantee program of the permanent school fund, and any communications from, or information generated by, the agency, the board, the commissioner, or their employees relating to that information, is confidential and not subject to disclosure under Chapter 552, Government Code.|Added by Acts 2017, 85th Leg., R.S., Ch. 402 (S.B. 1480), Sec. 2, eff. September 1, 2017.|
TX Educ Code § 45.054 (2021)
2021 Texas Statutes|Education Code|Title 2 - Public Education|Subtitle I - School Finance and Fiscal Management|Chapter 45 - School District Funds|Subchapter C. Guaranteed Bonds|Section 45.054. Eligibility of School District Bonds

Sec. 45.054.  ELIGIBILITY OF SCHOOL DISTRICT BONDS.  To be eligible for approval by the commissioner, school district bonds must be issued under Subchapter A of this chapter or under Subchapter A, Chapter 1207, Government Code, to make a deposit under Subchapter B or C of that chapter, by an accredited school district.|Added by Acts 1995, 74th Leg., ch. 260, Sec. 1, eff. May 30, 1995.  Amended by Acts 2001, 77th Leg., ch. 1420, Sec. 8.209, eff. Sept. 1, 2001.Amended by: Acts 2011, 82nd Leg., 1st C.S., Ch. 4 (S.B. 1), Sec. 59.05, eff. September 28, 2011.|
TX Educ Code § 45.0541 (2021)
2021 Texas Statutes|Education Code|Title 2 - Public Education|Subtitle I - School Finance and Fiscal Management|Chapter 45 - School District Funds|Subchapter C. Guaranteed Bonds|Section 45.0541. Eligibility of Charter District Bonds

Sec. 45.0541.  ELIGIBILITY OF CHARTER DISTRICT BONDS.  To be eligible for approval by the commissioner, charter district bonds must:(1)  without the guarantee, be rated as investment grade by a nationally recognized investment rating firm; and(2)  be issued under Chapter 53.|Added by Acts 2011, 82nd Leg., 1st C.S., Ch. 4 (S.B. 1), Sec. 59.06, eff. September 28, 2011.|
TX Educ Code § 45.055 (2021)
2021 Texas Statutes|Education Code|Title 2 - Public Education|Subtitle I - School Finance and Fiscal Management|Chapter 45 - School District Funds|Subchapter C. Guaranteed Bonds|Section 45.055. Application for Guarantee

Sec. 45.055.  APPLICATION FOR GUARANTEE.  (a)  A school district or charter district seeking guarantee of eligible bonds under this subchapter shall apply to the commissioner using a form adopted by the commissioner for the purpose.  The commissioner may adopt a single form on which a school district seeking guarantee or credit enhancement of eligible bonds may apply simultaneously first for guarantee under this subchapter and then, if that guarantee is rejected, for credit enhancement under Subchapter I.(b)  An application under Subsection (a) must include:(1)  the name of the school district or charter district and the principal amount of the bonds to be issued;(2)  the name and address of the district's paying agent for those bonds; and(3)  the maturity schedule, estimated interest rate, and date of the bonds.(c)  An application under Subsection (a) must be accompanied by a fee set by rule of the board in an amount designed to cover the costs of administering the programs to provide the guarantee or credit enhancement of eligible bonds.|Added by Acts 1995, 74th Leg., ch. 260, Sec. 1, eff. May 30, 1995.Amended by: Acts 2009, 81st Leg., R.S., Ch. 1328 (H.B. 3646), Sec. 70, eff. September 1, 2009.Acts 2011, 82nd Leg., 1st C.S., Ch. 4 (S.B. 1), Sec. 59.07, eff. September 28, 2011.|
TX Educ Code § 45.056 (2021)
2021 Texas Statutes|Education Code|Title 2 - Public Education|Subtitle I - School Finance and Fiscal Management|Chapter 45 - School District Funds|Subchapter C. Guaranteed Bonds|Section 45.056. Investigation

Sec. 45.056.  INVESTIGATION.  (a)  Following receipt of an application for the guarantee of bonds, the commissioner shall conduct an investigation of the applicant school district or charter district in regard to:(1)  the status of the district's accreditation; and(2)  the total amount of outstanding guaranteed bonds.(a-1)  For purposes of this subsection, "bond security documents" include the resolution, trust agreement, indenture, ordinance, loan agreement, deed of trust, bond, note, and any additional document executed in connection with the issuance of a charter district bond for which a guarantee is requested under this subchapter.  The commissioner's investigation of an application submitted by a charter district may include evaluation of whether the charter district bond security documents provide a security interest in real property pledged as collateral for the bond and the repayment obligation under the proposed guarantee.  The commissioner may decline to approve the application if the commissioner determines that sufficient security is not provided.(b)  If following the investigation the commissioner is satisfied that the school district's bonds should be guaranteed under this subchapter or provided credit enhancement under Subchapter I, as applicable, or the charter district's bonds should be guaranteed under this subchapter, the commissioner shall endorse the bonds.|Added by Acts 1995, 74th Leg., ch. 260, Sec. 1, eff. May 30, 1995.Amended by: Acts 2009, 81st Leg., R.S., Ch. 1328 (H.B. 3646), Sec. 71, eff. September 1, 2009.Acts 2011, 82nd Leg., 1st C.S., Ch. 4 (S.B. 1), Sec. 59.08, eff. September 28, 2011.Acts 2017, 85th Leg., R.S., Ch. 402 (S.B. 1480), Sec. 3, eff. September 1, 2017.|
TX Educ Code § 45.057 (2021)
2021 Texas Statutes|Education Code|Title 2 - Public Education|Subtitle I - School Finance and Fiscal Management|Chapter 45 - School District Funds|Subchapter C. Guaranteed Bonds|Section 45.057. Guarantee Endorsement

Sec. 45.057.  GUARANTEE ENDORSEMENT.  (a)  The commissioner shall endorse bonds approved for guarantee with:(1)  the commissioner's signature or a facsimile of the commissioner's signature;  and(2)  a statement relating the constitutional and statutory authority for the guarantee.(b)  The guarantee is not effective unless the attorney general approves the bonds under Section 45.005 or 53.40, as applicable.|Added by Acts 1995, 74th Leg., ch. 260, Sec. 1, eff. May 30, 1995.Amended by: Acts 2011, 82nd Leg., 1st C.S., Ch. 4 (S.B. 1), Sec. 59.09, eff. September 28, 2011.|