reglab/housing_qa huggingface dataset:
TX Educ Code § 45.108 (2021)
2021 Texas Statutes|Education Code|Title 2 - Public Education|Subtitle I - School Finance and Fiscal Management|Chapter 45 - School District Funds|Subchapter E. Miscellaneous Provisions|Section 45.108. Borrowing Money for Current Maintenance Expenses

Sec. 45.108.  BORROWING MONEY FOR CURRENT MAINTENANCE EXPENSES.  (a)  Independent or consolidated school districts may borrow money for the purpose of paying maintenance expenses and may evidence those loans with negotiable or nonnegotiable notes, except that the loans may not at any time exceed 75 percent of the previous year's income.  The notes may be payable from and secured by a lien on and pledge of any available funds of the district, including proceeds of a maintenance tax.  The term "maintenance expenses" or "maintenance expenditures" as used in this section means any lawful expenditure of the school district other than payment of principal of and interest on bonds.  The term includes expenditures relating to notes issued to refund notes previously issued under this section if the refunding notes are coterminous with the refunded obligation.  The term also includes all costs incurred in connection with environmental cleanup and asbestos cleanup and removal programs implemented by school districts or in connection with the maintenance, repair, rehabilitation, or replacement of heating, air conditioning, water, sanitation, roofing, flooring, electric, or other building systems of existing school properties.  Notes issued pursuant to this section may be issued to mature in not more than 20 years from their date.  Notes issued for a term longer than one year must be treated as "debt" as defined in Section 26.012(7), Tax Code.(b)  Notes may be issued under this section only after a budget has been adopted for the current school year.(c)  Notes issued under this section must be authorized by resolution adopted by a majority vote of the board of trustees, signed by the president or vice president and attested by the secretary of the board.(d)  A note issued under this section may contain a certification that it is issued pursuant to and in compliance with this section and pursuant to a resolution adopted by the board of trustees.  The certification is sufficient evidence that the note is a valid obligation of the district.|Added by Acts 1995, 74th Leg., ch. 260, Sec. 1, eff. May 30, 1995.  Amended by Acts 1999, 76th Leg., ch. 396, Sec. 1.35, eff. Sept. 1, 1999.Amended by: Acts 2013, 83rd Leg., R.S., Ch. 1018 (H.B. 2610), Sec. 2, eff. September 1, 2013.|
TX Educ Code § 45.110 (2021)
2021 Texas Statutes|Education Code|Title 2 - Public Education|Subtitle I - School Finance and Fiscal Management|Chapter 45 - School District Funds|Subchapter E. Miscellaneous Provisions|Section 45.110. Authorized but Unissued Bonds

Sec. 45.110.  AUTHORIZED BUT UNISSUED BONDS.  (a)  This section applies to any independent school district that has previously voted or authorized school bonds for a specific purpose or purposes and the purpose or purposes have been accomplished by other means or have been abandoned and all or a portion of the bonds authorized remain unissued.(b)  The board of trustees of the district may, on its own motion, order an election to submit to the qualified voters of the district the proposition of whether or not the authorized but unissued bonds may be issued, sold, and delivered for other and different purposes specified in the election order and the election notice.  The election shall be ordered, held, and conducted in the same form and manner as that at which the bonds were originally authorized.(c)  If a majority of those voting at the election vote in favor of the sale and delivery of the unissued bonds and the use of the proceeds of the bonds for the purpose or purposes specified in the election order and the election notice, the board of trustees may issue, sell, and deliver the bonds and use the proceeds of the bonds for the purpose or purposes authorized at the election.|Added by Acts 1995, 74th Leg., ch. 260, Sec. 1, eff. May 30, 1995.|
TX Educ Code § 45.1105 (2021)
2021 Texas Statutes|Education Code|Title 2 - Public Education|Subtitle I - School Finance and Fiscal Management|Chapter 45 - School District Funds|Subchapter E. Miscellaneous Provisions|Section 45.1105. Use of Unspent General Obligation Bond Proceeds

Sec. 45.1105.  USE OF UNSPENT GENERAL OBLIGATION BOND PROCEEDS.  (a) A school district may use the unspent proceeds of issued general obligation bonds only:(1)  for the specific purposes for which the bonds were authorized;(2)  to retire the bonds; or(3)  for a purpose other than the specific purposes for which the bonds were authorized if:(A)  the specific purposes are accomplished or abandoned; and(B)  the board of trustees at a public meeting held only for the purpose of considering the use of the unspent bond proceeds approves in separate votes the use of the proceeds for:(i)  a purpose other than to retire the bonds; and(ii)  the purpose specified at the time the vote is taken.(b)  In addition to other requirements of law, notice of a public meeting held under this section must include a statement that the board of trustees will consider the use of unspent bond proceeds for a purpose other than the specific purposes for which the bonds were authorized.(c)  A public meeting held under this section must provide the public an opportunity to address the board of trustees on the question of using the unspent bond proceeds for a purpose other than the specific purposes for which the bonds were authorized.|Added by Acts 2019, 86th Leg., R.S., Ch. 726 (H.B. 440), Sec. 1, eff. September 1, 2019.|
TX Educ Code § 45.112 (2021)
2021 Texas Statutes|Education Code|Title 2 - Public Education|Subtitle I - School Finance and Fiscal Management|Chapter 45 - School District Funds|Subchapter E. Miscellaneous Provisions|Section 45.112. Contracts for Investment of Debt Service Funds

Sec. 45.112.  CONTRACTS FOR INVESTMENT OF DEBT SERVICE FUNDS.  (a)  A school district, including a junior college district or community college district, may enter into a contract with a term not to exceed seven years to purchase investments with the proceeds of taxes levied or to be levied by the district for the purpose of paying debt service on bonds issued by the district.(b)  A contract under this section may provide for the purchase of investments at a stated yield or yields.(c)  Before entering a contract under this section, a school district must solicit and receive bids from at least three separate providers.  The district must accept the qualifying bid that provides for the highest yield investments over the term of the contract.(d)  A contract under this section may provide only for the purchase of an obligation described by Section 2256.009(a)(1), Government Code, other than an obligation described by Section 2256.009(b) of that code.|Added by Acts 1999, 76th Leg., ch. 1535, Sec. 1, eff. June 19, 1999.|
TX Educ Code § 45.113 (2021)
2021 Texas Statutes|Education Code|Title 2 - Public Education|Subtitle I - School Finance and Fiscal Management|Chapter 45 - School District Funds|Subchapter E. Miscellaneous Provisions|Section 45.113. Trust for County Permanent School Fund

Sec. 45.113.  TRUST FOR COUNTY PERMANENT SCHOOL FUND.  (a)  Notwithstanding former Subchapter E, Chapter 17, as that subchapter existed on May 1, 1995, the commissioners court of a county may:(1)  sell or otherwise dispose of county school lands in the manner determined by the court;(2)  establish an irrevocable trust for the proceeds of a sale or other disposition under Subdivision (1); and(3)  invest the principal of a trust created under Subdivision (2) in any investment permitted for other county funds under Chapter 2256, Government Code.(b)  The members of the commissioners court and their successors in office must be the sole trustees of a trust established under Subsection (a)(2). The trustees may not delegate the authority to manage or invest the trust but may contract with qualified persons for investment advice.(c)  The principal of a trust established under Subsection (a)(2) constitutes a portion of the county permanent school fund and must be held in perpetuity for the benefit of the public schools in the county. The income of a trust established under Subsection (a)(2) constitutes a portion of the county available school fund and may be distributed as permitted by law.|Added by Acts 2007, 80th Leg., R.S., Ch. 641 (H.B. 890), Sec. 1, eff. June 15, 2007.|
TX Educ Code § 45.151 (2021)
2021 Texas Statutes|Education Code|Title 2 - Public Education|Subtitle I - School Finance and Fiscal Management|Chapter 45 - School District Funds|Subchapter F. Athletic Stadium Authorities|Section 45.151. Definitions

Sec. 45.151.  DEFINITIONS.  In this subchapter:(1)  "District" means any independent school district.(2)  "Stadium" means the structural and associated facilities designed for staging and holding athletic contests and other events.(3)  "Authority" means an athletic stadium authority created under this subchapter.(4)  "Board of directors" means the board of directors of the authority.(5)  "Bond resolution" means the resolution authorizing the issuance of revenue bonds.(6)  "Trust indenture" means the mortgage, deed of trust, or other instrument pledging revenues of or creating a mortgage lien on properties, or both, to secure the revenue bonds issued by the authority.(7)  "Trustee" means the trustee under the trust indenture.|Added by Acts 1995, 74th Leg., ch. 260, Sec. 1, eff. May 30, 1995.|
TX Educ Code § 45.152 (2021)
2021 Texas Statutes|Education Code|Title 2 - Public Education|Subtitle I - School Finance and Fiscal Management|Chapter 45 - School District Funds|Subchapter F. Athletic Stadium Authorities|Section 45.152. Creation of Authority

Sec. 45.152.  CREATION OF AUTHORITY.  (a)  If the boards of trustees of two districts find that it is to the best interest of the districts to create an athletic stadium authority to include the districts, each board of trustees shall adopt a resolution creating an authority and designating the name by which it shall be known.(b)  An authority is a body politic and corporate.  It must have a seal, may sue and be sued, and may make, amend, and repeal its bylaws.|Added by Acts 1995, 74th Leg., ch. 260, Sec. 1, eff. May 30, 1995.|
TX Educ Code § 45.153 (2021)
2021 Texas Statutes|Education Code|Title 2 - Public Education|Subtitle I - School Finance and Fiscal Management|Chapter 45 - School District Funds|Subchapter F. Athletic Stadium Authorities|Section 45.153. Board of Directors

Sec. 45.153.  BOARD OF DIRECTORS.  (a)  An authority is governed by a board of directors consisting of seven members.  The members of the board serve terms ending May 1.  A member's term may not exceed two years.  The board of trustees of each district shall each appoint three directors, and the appointees shall by majority vote appoint a seventh director.(b)  The board of directors shall elect from among the directors a president and vice president.  The board shall elect a secretary and a treasurer who may or may not be directors and may elect other officers as authorized by the authority's bylaws.  The offices of secretary and treasurer may be combined.  The president has the same right to vote on all matters as other members of the board.(c)  A majority of the members of the board constitutes a quorum, and when a quorum is present, action may be taken by a majority vote of directors present.(d)  The board may employ a manager and other employees, experts, and agents or may delegate to the manager the power to employ and discharge employees.  The board may employ legal counsel.|Added by Acts 1995, 74th Leg., ch. 260, Sec. 1, eff. May 30, 1995.|
TX Educ Code § 45.154 (2021)
2021 Texas Statutes|Education Code|Title 2 - Public Education|Subtitle I - School Finance and Fiscal Management|Chapter 45 - School District Funds|Subchapter F. Athletic Stadium Authorities|Section 45.154. Construction, Acquisition, and Operation of Stadium

Sec. 45.154.  CONSTRUCTION, ACQUISITION, AND OPERATION OF STADIUM.  An authority may construct, enlarge, furnish, and equip stadia, purchase existing stadia, furnishings, and equipment for its stadia, and operate and maintain stadia.  A stadium need not be located inside a district creating the authority.|Added by Acts 1995, 74th Leg., ch. 260, Sec. 1, eff. May 30, 1995.|
TX Educ Code § 45.155 (2021)
2021 Texas Statutes|Education Code|Title 2 - Public Education|Subtitle I - School Finance and Fiscal Management|Chapter 45 - School District Funds|Subchapter F. Athletic Stadium Authorities|Section 45.155. Bonds

Sec. 45.155.  BONDS.  (a)  An authority may issue revenue bonds to provide funds for any of its purposes.  The bonds shall be payable from and secured by a pledge of all or any part of the revenue to be derived from the operation of the stadium or stadia and any other revenues resulting from the ownership of stadium properties.  The bonds may be additionally secured by a mortgage or deed of trust on property of the authority.(b)  The bonds must be authorized by resolution adopted by a majority vote of a quorum of the board of directors.  The bonds shall be signed by the president or vice president and countersigned by the secretary, or either or both of their facsimile signatures may be printed on the bonds.  The seal of the authority shall be impressed or printed on the bonds.(c)  The bonds shall mature serially or otherwise in not to exceed 40 years.  Appropriate provisions may be inserted in the resolution authorizing the execution and delivery of bonds for the conversion of registered bonds into bearer bonds and vice versa.(d)  Provisions may be made in the bond resolution or trust indenture for the substitution of new bonds for those lost or mutilated.  When bonds are approved by the attorney general and registered by the comptroller, it is not necessary to obtain the approval of the attorney general or registration by the comptroller as to converted or substituted bonds.(e)  Bonds constituting a junior lien on the revenue or properties may be issued unless prohibited by the bond resolution or trust indenture.  Parity bonds may be issued under conditions specified in the bond resolution or trust indenture.|Added by Acts 1995, 74th Leg., ch. 260, Sec. 1, eff. May 30, 1995.|
TX Educ Code § 45.156 (2021)
2021 Texas Statutes|Education Code|Title 2 - Public Education|Subtitle I - School Finance and Fiscal Management|Chapter 45 - School District Funds|Subchapter F. Athletic Stadium Authorities|Section 45.156. Contracts With School Districts

Sec. 45.156.  CONTRACTS WITH SCHOOL DISTRICTS.  (a)  Any district, acting by and through its board of trustees, may contract with any athletic stadium authority organized under this subchapter for the use of any stadium owned by the authority.  The contract may be for any period not exceeding 75 years and may contain terms agreed on by the parties.(b)  The district may enter into a contract for the use of the stadium for any purpose related to sports activities and other physical education programs for the students at the public schools operated and maintained by the district.(c)  The consideration payable by the district under a contract may be paid from any source available to the district.  If voted, the district may pledge to the payment of the contract an annual maintenance tax in an amount sufficient, without limitation, to provide all or part of the consideration.  If voted and pledged, the maintenance tax shall be assessed, levied, and collected annually in the same manner as provided by general law applicable to independent school districts for other maintenance taxes.  A maintenance tax may not be pledged to the payment of any contract or assessed, levied, or collected unless an election is held in the district, and the maintenance tax for that purpose is favorably voted by a majority of the qualified voters of the district.  The election order for an election under this subsection must include the polling place or places and any other matters considered advisable by the board of trustees.|Added by Acts 1995, 74th Leg., ch. 260, Sec. 1, eff. May 30, 1995.|
TX Educ Code § 45.157 (2021)
2021 Texas Statutes|Education Code|Title 2 - Public Education|Subtitle I - School Finance and Fiscal Management|Chapter 45 - School District Funds|Subchapter F. Athletic Stadium Authorities|Section 45.157. Examination of Bonds by Attorney General

Sec. 45.157.  EXAMINATION OF BONDS BY ATTORNEY GENERAL.  Bonds issued under this subchapter and the record relating to their issuance shall be submitted to the attorney general.|Added by Acts 1995, 74th Leg., ch. 260, Sec. 1, eff. May 30, 1995.|
TX Educ Code § 45.158 (2021)
2021 Texas Statutes|Education Code|Title 2 - Public Education|Subtitle I - School Finance and Fiscal Management|Chapter 45 - School District Funds|Subchapter F. Athletic Stadium Authorities|Section 45.158. Charges for Use of Stadium

Sec. 45.158.  CHARGES FOR USE OF STADIUM.  (a)  The board of directors shall charge sufficient rates for services rendered by the stadium and shall use other sources of its revenues so that revenues will be produced sufficient to:(1)  pay all expenses in connection with the ownership, operation, and upkeep of the stadium;(2)  pay the interest on the bonds as it becomes due;(3)  create a sinking fund to pay the bonds as they become due;  and(4)  create and maintain a bond reserve fund and other funds as provided in the bond resolution or trust indenture.(b)  The bond resolution or trust indenture may prescribe systems, methods, routines, and procedures under which the stadium shall be operated.|Added by Acts 1995, 74th Leg., ch. 260, Sec. 1, eff. May 30, 1995.|
TX Educ Code § 45.159 (2021)
2021 Texas Statutes|Education Code|Title 2 - Public Education|Subtitle I - School Finance and Fiscal Management|Chapter 45 - School District Funds|Subchapter F. Athletic Stadium Authorities|Section 45.159. Depository

Sec. 45.159.  DEPOSITORY.  An authority may select a depository according to the procedures provided by law for the selection of independent school district depositories.|Added by Acts 1995, 74th Leg., ch. 260, Sec. 1, eff. May 30, 1995.|
TX Educ Code § 45.160 (2021)
2021 Texas Statutes|Education Code|Title 2 - Public Education|Subtitle I - School Finance and Fiscal Management|Chapter 45 - School District Funds|Subchapter F. Athletic Stadium Authorities|Section 45.160. Tax Exemption

Sec. 45.160.  TAX EXEMPTION.  Recognizing the fact that the property owned by an authority will be held for public purposes only and will be devoted exclusively to the use and benefit of the public, it is exempt from taxation of every character.|Added by Acts 1995, 74th Leg., ch. 260, Sec. 1, eff. May 30, 1995.|
TX Educ Code § 45.161 (2021)
2021 Texas Statutes|Education Code|Title 2 - Public Education|Subtitle I - School Finance and Fiscal Management|Chapter 45 - School District Funds|Subchapter F. Athletic Stadium Authorities|Section 45.161. Eminent Domain

Sec. 45.161.  EMINENT DOMAIN.  For the purpose of carrying out any power conferred by this subchapter, an authority may acquire the fee simple title to land and other property and easements by condemnation in the manner provided by Chapter 21, Property Code.  An authority is a municipal corporation within the meaning of Section 21.021(c), Property Code.  The amount of and character or interest in land, other property, and easements to be acquired shall be determined by the board of directors.|Added by Acts 1995, 74th Leg., ch. 260, Sec. 1, eff. May 30, 1995.|
TX Educ Code § 45.162 (2021)
2021 Texas Statutes|Education Code|Title 2 - Public Education|Subtitle I - School Finance and Fiscal Management|Chapter 45 - School District Funds|Subchapter F. Athletic Stadium Authorities|Section 45.162. Investment of Bond Proceeds

Sec. 45.162.  INVESTMENT OF BOND PROCEEDS.  In addition to other powers, an authority may invest the proceeds of its bonds, until that money is needed, in the direct obligations of or obligations unconditionally guaranteed by the United States, to the extent authorized in the bond resolution or trust indenture or in both.|Added by Acts 1995, 74th Leg., ch. 260, Sec. 1, eff. May 30, 1995.|
TX Educ Code § 45.163 (2021)
2021 Texas Statutes|Education Code|Title 2 - Public Education|Subtitle I - School Finance and Fiscal Management|Chapter 45 - School District Funds|Subchapter F. Athletic Stadium Authorities|Section 45.163. Acceptance of Gifts

Sec. 45.163.  ACCEPTANCE OF GIFTS.  The board of directors may accept donations, gifts, and endowments to be held and administered as may be required by the respective donors, to the extent that those requirements do not contravene law.|Added by Acts 1995, 74th Leg., ch. 260, Sec. 1, eff. May 30, 1995.|
TX Educ Code § 45.201 (2021)
2021 Texas Statutes|Education Code|Title 2 - Public Education|Subtitle I - School Finance and Fiscal Management|Chapter 45 - School District Funds|Subchapter G. School District Depositories|Section 45.201. Definitions

Sec. 45.201.  DEFINITIONS.  In this subchapter:(1)  "School district" means any independent school district.(2)  "Bank" means a bank, a savings and loan association, or a savings bank organized under the laws of this state, another state, or federal law that has its main office or a branch office in this state.  The term does not include any bank the deposits of which are not insured by the Federal Deposit Insurance Corporation.(3)  "Time deposit," "time certificate," "certificate of deposit," and "time deposit-open account" have the definitions adopted for those terms by the Board of Governors of the Federal Reserve System.(4)  "Approved securities" means:(A)  bonds of this state or any agency or political subdivision of this state;(B)  all evidences of indebtedness legally issued by the board of trustees of the depositing school district;(C)  all debt securities that are a direct obligation of the treasury of the United States;(D)  reducing principal balance securities, the principal and interest of which are unconditionally guaranteed or insured by, or backed by the full faith and credit of, this state or the United States or their respective agencies and instrumentalities;(E)  other obligations, the principal and interest of which are unconditionally guaranteed or insured by, or backed by the full faith and credit of, this state or the United States or their respective agencies and instrumentalities; and(F)  those securities provided for by Article 842, Revised Statutes, and Section 1, Chapter 160, General Laws, Acts of the 43rd Legislature, 1933 (Article 842a, Vernon's Texas Civil Statutes).|Added by Acts 1995, 74th Leg., ch. 260, Sec. 1, eff. May 30, 1995.  Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.49, eff. Sept. 1, 1999;  Acts 1999, 76th Leg., ch. 344, Sec. 5.002, eff. Sept. 1, 1999;  Acts 2003, 78th Leg., ch. 201, Sec. 39, eff. Sept. 1, 2003.Amended by: Acts 2005, 79th Leg., Ch. 417 (S.B. 1693), Sec. 1, eff. June 17, 2005.Acts 2005, 79th Leg., Ch. 417 (S.B. 1693), Sec. 2, eff. June 17, 2005.Acts 2005, 79th Leg., Ch. 1199 (H.B. 573), Sec. 1, eff. June 18, 2005.Acts 2005, 79th Leg., Ch. 1199 (H.B. 573), Sec. 2, eff. June 18, 2005.|
TX Educ Code § 45.202 (2021)
2021 Texas Statutes|Education Code|Title 2 - Public Education|Subtitle I - School Finance and Fiscal Management|Chapter 45 - School District Funds|Subchapter G. School District Depositories|Section 45.202. Selection of Depository

Sec. 45.202.  SELECTION OF DEPOSITORY.  The school depository or depositories of every independent school district may be selected only as provided by this subchapter.|Added by Acts 1995, 74th Leg., ch. 260, Sec. 1, eff. May 30, 1995.|
TX Educ Code § 45.203 (2021)
2021 Texas Statutes|Education Code|Title 2 - Public Education|Subtitle I - School Finance and Fiscal Management|Chapter 45 - School District Funds|Subchapter G. School District Depositories|Section 45.203. Depository Must Be a Bank

Sec. 45.203.  DEPOSITORY MUST BE A BANK.  A school depository must be a bank located in this state.|Added by Acts 1995, 74th Leg., ch. 260, Sec. 1, eff. May 30, 1995.|