Education Code › Title 3 › Chapter 53 › Subchapter C
Texas Education Code § 53.38
Reserves for Operating and Other Expenses
Higher Education Facility Authorities for Public Schools · Powers and Duties
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.
Official text of the Texas Education Code as published by the Texas Legislative Council.
Legislative history
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.
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