Texas Statutes
§ 45.260 — BONDS NOT ACCELERATED ON FAILURE TO PAY.
Texas § 45.260
JurisdictionTexas
Code EDEducation Code
This text of Texas § 45.260 (BONDS NOT ACCELERATED ON FAILURE TO PAY.) 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. § 45.260 (2026).
Text
Sec. 45.260. BONDS NOT ACCELERATED ON FAILURE TO PAY. If a school district fails to pay principal or interest on a bond for which credit enhancement is provided under this subchapter when the amount matures, other amounts not yet mature are not accelerated and do not become due by virtue of the district's failure to pay amounts matured.
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Legislative History
Added by Acts 2009, 81st Leg., R.S., Ch. 1328 (H.B. 3646 ), Sec. 75, eff. September 1, 2009.
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 § 45.260, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/ED/45.260.