yourstate.us
Home / Texas / Local Government Code
Tex. Local Government Code § 324.101

REPLACEMENT FUND

Texas · Texas Local Government Code · Status: effective

Get this as JSONEmbed this
Cite this
Citation
Tex. Local Government Code § 324.101, REPLACEMENT FUND, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/692196
Permanent ID
ys:prov:692196@1
SHA-256
979ed0bc511782884b3f2bf14897c1dadc52aa85c57677a32fbd228641eecb5e

The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.

Full text

(a) The board may establish a replacement fund. It may deposit in the fund any amounts from its revenue that it considers appropriate. (b) The replacement fund may be used to rebuild on the original site or elsewhere, restore, repair, or improve property of the district that is destroyed or injured or that is necessary to expand, improve, demolish, repair, or replace because of its unfitness. (c) The board may invest the replacement fund in bonds of the United States, this state, or a county, municipal corporation, or school district of this state.