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Texas Education Code - EDUC § 45.303. Limitation on Participation;  Minimum Requirements for Debt Service Reserve

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

In adopting rules under Section 45.302, the commissioner may:

(1) limit participation in the program to charter holders who hold charters for open-enrollment charter schools that meet standards established by the commissioner, including standards for financial stability, compliance with applicable state and federal program requirements, and student academic performance;  and

(2) impose minimum requirements for a debt service reserve to secure repayment of obligations for which credit enhancement is provided under this subchapter.

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Cite this article: FindLaw.com - Texas Education Code - EDUC § 45.303. Limitation on Participation;  Minimum Requirements for Debt Service Reserve - last updated January 01, 2024 | https://codes.findlaw.com/tx/education-code/educ-sect-45-303/

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