Texas § 324.101 REPLACEMENT FUND.

Texas Statutes

§ 324.101 — REPLACEMENT FUND.

Texas § 324.101

Code LGLocal Government Code

This text of Texas § 324.101 (REPLACEMENT FUND.) 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. Local Government Code Code Ann. § 324.101 (2026).

Text

Sec. 324.101. REPLACEMENT FUND.

(a)The board may establish a replacement fund. It may deposit in the fund any amounts from its revenue that it considers appropriate.

(b)The replacement fund may be used to rebuild on the original site or elsewhere, restore, repair, or improve property of the district that is destroyed or injured or that is necessary to expand, improve, demolish, repair, or replace because of its unfitness.

(c)The board may invest the replacement fund in bonds of the United States, this state, or a county, municipal corporation, or school district of this state. SUBCHAPTER F. ANNEXATION, INCORPORATION, DISSOLUTION

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Sec. 324.101. REPLACEMENT FUND. (a) The board may establish a replacement fund. It may deposit in the fund any amounts from its revenue that it considers appropriate.
(b) The replacement fund may be used to rebuild on the original site or elsewhere, restore, repair, or improve property of the district that is destroyed or injured or that is necessary to expand, improve, demolish, repair, or replace because of its unfitness.
(c) The board may invest the replacement fund in bonds of the United States, this state, or a county, municipal corporation, or school district of this state.
SUBCHAPTER F. ANNEXATION, INCORPORATION, DISSOLUTION