Sec. 45.304. ALLOCATION OF PORTION OF FOUNDATION SCHOOL PROGRAM FUNDS FOR CREDIT ENHANCEMENT. (a) The commissioner may allocate not more than one percent of the amount appropriated for the Foundation School Program for purposes of the program under this subchapter.
(b) The funds allocated under this section may not be considered available for purposes of any other credit enhancement program.
(c) Only those Foundation School Program funds allocated under this section may be committed to the program under this subchapter.
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