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Tex. Education Code § 53A.38

RESERVES FOR OPERATING AND OTHER EXPENSES

Texas · Texas Education Code · Status: effective

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Tex. Education Code § 53A.38, RESERVES FOR OPERATING AND OTHER EXPENSES, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/637014
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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.