Tex. Educ. Code Section 53.38
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.
Acts 1971, 62nd Leg., p. 3072, ch. 1024, art. 1, Sec. 1, eff. Sept. 1, 1971.
Reenacted and amended by Acts 2005, 79th Leg., Ch. 641 (H.B. 2701), Sec. 1, eff. September 1, 2005.

Source: Section 53.38 — Reserves for Operating and Other Expenses, https://statutes.­capitol.­texas.­gov/Docs/ED/htm/ED.­53.­htm#53.­38 (accessed Jun. 5, 2024).

Accessed:
Jun. 5, 2024

§ 53.38’s source at texas​.gov