Texas § 12.124 LOANS FROM MANAGEMENT COMPANY PROHIBITED.

Texas Statutes

§ 12.124 — LOANS FROM MANAGEMENT COMPANY PROHIBITED.

Texas § 12.124

Code EDEducation Code

This text of Texas § 12.124 (LOANS FROM MANAGEMENT COMPANY PROHIBITED.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Education Code Code Ann. § 12.124 (2026).

Text

Sec. 12.124. LOANS FROM MANAGEMENT COMPANY PROHIBITED.

(a)The charter holder or the governing body of an open-enrollment charter school may not accept a loan from a management company that has a contract to provide management services to:

(1)that charter school; or

(2)another charter school that operates under a charter granted to the charter holder.

(b)A charter holder or the governing body of an open-enrollment charter school that accepts a loan from a management company may not enter into a contract with that management company to provide management services to the school.

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Sec. 12.124. LOANS FROM MANAGEMENT COMPANY PROHIBITED. (a) The charter holder or the governing body of an open-enrollment charter school may not accept a loan from a management company that has a contract to provide management services to:
(1) that charter school; or
(2) another charter school that operates under a charter granted to the charter holder.
(b) A charter holder or the governing body of an open-enrollment charter school that accepts a loan from a management company may not enter into a contract with that management company to provide management services to the school.