Texas Statutes
§ 45.112 — CONTRACTS FOR INVESTMENT OF DEBT SERVICE FUNDS.
Texas § 45.112
JurisdictionTexas
Code EDEducation Code
This text of Texas § 45.112 (CONTRACTS FOR INVESTMENT OF DEBT SERVICE FUNDS.) 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. § 45.112 (2026).
Text
Sec. 45.112. CONTRACTS FOR INVESTMENT OF DEBT SERVICE FUNDS.
(a)A school district, including a junior college district or community college district, may enter into a contract with a term not to exceed seven years to purchase investments with the proceeds of taxes levied or to be levied by the district for the purpose of paying debt service on bonds issued by the district.
(b)A contract under this section may provide for the purchase of investments at a stated yield or yields.
(c)Before entering a contract under this section, a school district must solicit and receive bids from at least three separate providers. The district must accept the qualifying bid that provides for the highest yield investments over the term of the contract.
(d)A contract under this section may provide only for
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
Added by Acts 1999, 76th Leg., ch. 1535, Sec. 1, eff. June 19, 1999.
Nearby Sections
15
§ 45.001
BONDS AND BOND TAXES.§ 45.002
MAINTENANCE TAXES.§ 45.0021
RESTRICTION ON MAINTENANCE TAX LEVY.§ 45.003
BOND AND TAX ELECTIONS.§ 45.004
REFUNDING BONDS.§ 45.032
REVENUE BONDS.§ 45.033
RENTALS, RATES, AND CHARGES.§ 45.034
PLEDGE OF REVENUES.§ 45.035
REFUNDING BONDS.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 45.112, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/ED/45.112.