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A BILL TO BE ENTITLED
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AN ACT
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relating to prohibiting a school district from using interest and |
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sinking tax revenue to pay for deferred maintenance. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter E, Chapter 45, Education Code, is |
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amended by adding Section 45.116 to read as follows: |
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Sec. 45.116. PROHIBITION ON USE OF BOND TAXES FOR DEFERRED |
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MAINTENANCE. A school district may not use revenue from the |
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district's interest and sinking tax to pay for deferred |
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maintenance. |
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SECTION 2. This Act takes effect September 1, 2025. |