Sec. 45.307. STATUS OF PROGRAM. (a) The program is separate from and does not create any claim to the credit enhancement program for school district bonds under Subchapter I.
(b) This subchapter does not create a debt of the state under the Texas Constitution or, except to the extent provided by this subchapter, create a payment obligation.
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