{"data":{"id":"us-tx/tex.-education-code-45.254","jurisdiction":"us-tx","citation":"Tex. Education Code § 45.254","heading":"ELIGIBILITY.","body":"To be eligible for approval by the commissioner for credit enhancement under this subchapter:\n(1) bonds must be issued in the manner provided by Section 45.054; and\n(2) payments of all of the principal of the bonds must be scheduled during the first six months of the state fiscal year.\nAdded by Acts 2009, 81st Leg., R.S., Ch. 1328 (H.B. 3646), Sec. 75, eff. September 1, 2009.","path":["EDUCATION CODE","TITLE 2. PUBLIC EDUCATION","SUBTITLE I. SCHOOL FINANCE AND FISCAL MANAGEMENT","CHAPTER 45. SCHOOL DISTRICT FUNDS","SUBCHAPTER I. INTERCEPT PROGRAM TO PROVIDE CREDIT ENHANCEMENT FOR BONDS"],"source_url":"https://statutes.capitol.texas.gov/Docs/ED/htm/ED.45.htm#45.254","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:05Z","sha256":"342f973e1d4893318d2b8fa108a8e509cbae525a378db252695e03ee731d6874","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-education-code-45.253","next":"us-tx/tex.-education-code-45.2541"},"notice":"GroundRules: Original legal text. Not legal advice."}