{"data":{"id":"us-tx/tex.-education-code-12.135","jurisdiction":"us-tx","citation":"Tex. Education Code § 12.135","heading":"DESIGNATION AS CHARTER DISTRICT FOR PURPOSES OF BOND GUARANTEE.","body":"(a) On the application of the charter holder, the commissioner may grant designation as a charter district to an open-enrollment charter school that meets financial standards adopted by the commissioner. The financial standards must require an open-enrollment charter school to have an investment grade credit rating as specified by Section 45.0541.\n(b) A charter district may apply for bonds issued under Chapter 53 for the open-enrollment charter school, including refunding and refinanced bonds, to be guaranteed by the permanent school fund as provided by Chapter 45.\nAdded by Acts 2011, 82nd Leg., 1st C.S., Ch. 4 (S.B. 1), Sec. 59.01, eff. September 28, 2011.\nAmended by:\nActs 2013, 83rd Leg., R.S., Ch. 280 (H.B. 885), Sec. 1, eff. September 1, 2013.","path":["EDUCATION CODE","TITLE 2. PUBLIC EDUCATION","SUBTITLE C. LOCAL ORGANIZATION AND GOVERNANCE","CHAPTER 12. CHARTERS","SUBCHAPTER D. OPEN-ENROLLMENT CHARTER SCHOOL"],"source_url":"https://statutes.capitol.texas.gov/Docs/ED/htm/ED.12.htm#12.135","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:05Z","sha256":"74967c726fd83c51a5711ed22b9481c6e563999204c9839698bf17c09ab4363e","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-education-code-12.133","next":"us-tx/tex.-education-code-12.136"},"notice":"GroundRules: Original legal text. Not legal advice."}