{"data":{"id":"us-tx/tex.-education-code-45.060","jurisdiction":"us-tx","citation":"Tex. Education Code § 45.060","heading":"BONDS NOT ACCELERATED ON DEFAULT.","body":"If a school district or charter district fails to pay principal or interest on a guaranteed bond when it matures, other amounts not yet mature are not accelerated and do not become due by virtue of the school district's or charter district's default.\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. 59.15, 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#45.060","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:05Z","sha256":"1f39eb40a3ff92557a0c827bccccc9e3059eaf4af108f3b963e0d3b7e4831b76","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-education-code-45.0591","next":"us-tx/tex.-education-code-45.061"},"notice":"GroundRules: Original legal text. Not legal advice."}