Tex. Educ. Code § 45.060

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 45.060 - Bonds Not Accelerated on Default

If a school district or charter district fails to pay principal or interest on a guaranteed bond when it matures, other amounts not yet mature are not accelerated and do not become due by virtue of the school district's or charter district's default.

Amended by Acts 2011, 82nd Leg., 1st C.S., Ch. 4, Sec. 59.15, eff. 9/28/2011.

Added by Acts 1995, 74th Leg., ch. 260, Sec. 1, eff. 5/30/1995.