Texas Statutes
§ 53A.38 — RESERVES FOR OPERATING AND OTHER EXPENSES.
Texas § 53A.38
JurisdictionTexas
Code EDEducation Code
This text of Texas § 53A.38 (RESERVES FOR OPERATING AND OTHER EXPENSES.) 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. § 53A.38 (2026).
Text
Sec. 53A.38. RESERVES FOR OPERATING AND OTHER EXPENSES. Money for the payment of not more than two years' interest on the bonds and an amount estimated by the board to be required for operating expenses during the first year of operation may be set aside for those purposes out of the proceeds from the sale of the bonds.
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Legislative History
Added by Acts 2005, 79th Leg., Ch. 641 (H.B. 2701 ), Sec. 2, eff. September 1, 2005.
Nearby Sections
15
§ 53A.01
SHORT TITLE.§ 53A.02
DEFINITIONS.§ 53A.11
CREATION OF AUTHORITY.§ 53A.12
TERRITORY.§ 53A.13
CORPORATE POWERS.§ 53A.131
AUTHORITY'S EARNINGS.§ 53A.14
BOARD OF DIRECTORS.§ 53A.31
NO TAXING POWER.§ 53A.32
NO POWER OF EMINENT DOMAIN.§ 53A.331
REFINANCING FACILITIES.§ 53A.34
REVENUE BONDS.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 53A.38, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/ED/53A.38.