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Texas Education Code - EDUC § 45.255. Application for Credit Enhancement

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) A school district seeking credit enhancement of eligible bonds under this subchapter shall apply to the commissioner using a form adopted by the commissioner for the purpose. The commissioner may adopt a single form on which a district seeking guarantee or credit enhancement of eligible bonds may apply simultaneously first for a guarantee under Subchapter C and then, if that guarantee is rejected, for credit enhancement under this subchapter.

(b) An application under Subsection (a) must:

(1) include the information required by Section 45.055(b); and

(2) be accompanied by a fee set by board rule in an amount designed to cover the costs of administering the programs to provide the guarantee or credit enhancement of eligible bonds.

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Cite this article: FindLaw.com - Texas Education Code - EDUC § 45.255. Application for Credit Enhancement - last updated January 01, 2024 | https://codes.findlaw.com/tx/education-code/educ-sect-45-255/

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