Sec. 45.302. ESTABLISHMENT OF PROGRAM. (a) The commissioner by rule may establish an open-enrollment charter school facilities credit enhancement program to assist charter holders in obtaining financing for the purchase, repair, or renovation of real property, including improvements to real property, for facilities of open-enrollment charter schools.
(b) The commissioner may adopt a structure and procedures for the program that are substantially similar to the structure and procedures for the credit enhancement program for school district bonds under Subchapter I.
Added by Acts 2009, 81st Leg., R.S., Ch. 1328 (H.B. 3646), Sec. 75, eff. September 1, 2009.
Structure Texas Statutes
Subtitle I - School Finance and Fiscal Management
Chapter 45 - School District Funds
Subchapter J. Open-Enrollment Charter School Facilities Credit Enhancement Program
Section 45.302. Establishment of Program
Section 45.303. Limitation on Participation; Minimum Requirements for Debt Service Reserve
Section 45.304. Allocation of Portion of Foundation School Program Funds for Credit Enhancement
Section 45.305. Private Matching Funds Required; Use of Other State Funds
Section 45.306. Repayment; Lien