Texas HB5035 prohibits the guarantee of public school bonds by the permanent school fund.
Texas HB5035 amends the Education Code to prohibit the guarantee or underwriting of bonds issued by school districts or charter districts by the permanent school fund. This prohibition applies to bonds issued after the effective date of the Act. The Act also repeals several sections related to bond guarantees and makes conforming changes. The changes take effect on September 1, 2025.
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