{"data":{"id":"us-tx/tex.-education-code-45.260","jurisdiction":"us-tx","citation":"Tex. Education Code § 45.260","heading":"BONDS NOT ACCELERATED ON FAILURE TO PAY.","body":"If a school district fails to pay principal or interest on a bond for which credit enhancement is provided under this subchapter when the amount matures, other amounts not yet mature are not accelerated and do not become due by virtue of the district's failure to pay amounts matured.\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#45.260","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:05Z","sha256":"a6a6f436b972952c9ddefd58a28845290b1244e990b4231ccfef2ba319b75111","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-education-code-45.259","next":"us-tx/tex.-education-code-45.261"},"notice":"GroundRules: Original legal text. Not legal advice."}