{"data":{"id":"us-tx/tex.-education-code-45.058","jurisdiction":"us-tx","citation":"Tex. Education Code § 45.058","heading":"NOTICE OF DEFAULT.","body":"Immediately following a determination that a school district or charter district will be or is unable to pay maturing or matured principal or interest on a guaranteed bond, but not later than the fifth day before maturity date, the school district or charter district shall notify the commissioner.\nAdded by Acts 1995, 74th Leg., ch. 260, Sec. 1, eff. May 30, 1995.\nAmended by:\nActs 2011, 82nd Leg., 1st C.S., Ch. 4 (S.B. 1), Sec. 59.11, eff. September 28, 2011.","path":["EDUCATION CODE","TITLE 2. PUBLIC EDUCATION","SUBTITLE I. SCHOOL FINANCE AND FISCAL MANAGEMENT","CHAPTER 45. SCHOOL DISTRICT FUNDS","SUBCHAPTER C. GUARANTEED BONDS"],"source_url":"https://statutes.capitol.texas.gov/Docs/ED/htm/ED.45.htm#45.058","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:05Z","sha256":"7a7cc2bb6b128c59a9a4caf247b6d779ec0dc6eb1107950fbee2d0aae6ccd664","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-education-code-45.0571","next":"us-tx/tex.-education-code-45.059"},"notice":"GroundRules: Original legal text. Not legal advice."}