Texas Statutes (Last Updated: January 4, 2014) |
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 |
Sec. 45.262. REPEATED FAILURE TO PAY
Latest version.
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(a) If a total of two or more payments are made under Subchapter C or this subchapter on the bonds of a school district and the commissioner determines that the district is acting in bad faith under the guarantee program under Subchapter C or the credit enhancement program under this subchapter, the commissioner may request the attorney general to institute appropriate legal action to compel the district and the district's officers, agents, and employees to comply with the duties required of them by law in regard to the bonds.
(b) Jurisdiction of proceedings under this section is in district court in Travis County.
Added by Acts 2009, 81st Leg., R.S., Ch. 1328 , Sec. 75, eff. September 1, 2009.