Texas § 12.135 DESIGNATION AS CHARTER DISTRICT FOR PURPOSES OF BOND GUARANTEE.

Texas Statutes

§ 12.135 — DESIGNATION AS CHARTER DISTRICT FOR PURPOSES OF BOND GUARANTEE.

Texas § 12.135

Code EDEducation Code

This text of Texas § 12.135 (DESIGNATION AS CHARTER DISTRICT FOR PURPOSES OF BOND GUARANTEE.) 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. § 12.135 (2026).

Text

Sec. 12.135. DESIGNATION AS CHARTER DISTRICT FOR PURPOSES OF BOND GUARANTEE.

(a)On the application of the charter holder, the commissioner may grant designation as a charter district to an open-enrollment charter school that meets financial standards adopted by the commissioner. The financial standards must require an open-enrollment charter school to have an investment grade credit rating as specified by Section 45.0541 .

(b)A charter district may apply for bonds issued under Chapter 53 for the open-enrollment charter school, including refunding and refinanced bonds, to be guaranteed by the permanent school fund as provided by Chapter 45 .

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Sec. 12.135. DESIGNATION AS CHARTER DISTRICT FOR PURPOSES OF BOND GUARANTEE. (a) On the application of the charter holder, the commissioner may grant designation as a charter district to an open-enrollment charter school that meets financial standards adopted by the commissioner. The financial standards must require an open-enrollment charter school to have an investment grade credit rating as specified by Section 45.0541 .
(b) A charter district may apply for bonds issued under Chapter 53 for the open-enrollment charter school, including refunding and refinanced bonds, to be guaranteed by the permanent school fund as provided by Chapter 45 .

Legislative History

Added by Acts 2011, 82nd Leg., 1st C.S., Ch. 4 (S.B. 1 ), Sec. 59.01, eff. September 28, 2011. Amended by: Acts 2013, 83rd Leg., R.S., Ch. 280 (H.B. 885 ), Sec. 1, eff. September 1, 2013.