Texas SB2395 amends the Education Code to allow school districts to use unspent bond proceeds for purposes other than the original authorization if.

Texas SB2395 modifies the Education Code to allow school districts to use unspent proceeds from general obligation bonds for purposes other than the original authorization. This change is permitted if the specific purposes for which the bonds were authorized are either accomplished or abandoned. Additionally, the board of trustees must approve, in separate votes, the use of the proceeds for a purpose other than to retire the bonds and for the specific purpose specified at the time of the vote. The bill also repeals sections 45.1105(b) and (c) of the Education Code.

Texas SB2395 amends the Education Code to allow school districts to use unspent bond proceeds for purposes other than the original authorization if.

Texas SB2395 modifies the Education Code to allow school districts to use unspent proceeds from general obligation bonds for purposes other than the original authorization. This change is permitted if the specific purposes for which the bonds were authorized are either accomplished or abandoned. Additionally, the board of trustees must approve, in separate votes, the use of the proceeds for a purpose other than to retire the bonds and for the specific purpose specified at the time of the vote. The bill also repeals sections 45.1105(b) and (c) of the Education Code.