Texas § ED.12.124 - LOANS FROM MANAGEMENT COMPANY PROHIBITED
Full text of Texas The Texas Constitution § ED.12.124 — LOANS FROM MANAGEMENT COMPANY PROHIBITED, with citation guidance and answers to common questions.
§ ED.12.124. LOANS FROM MANAGEMENT COMPANY PROHIBITED
LOANS FROM MANAGEMENT COMPANY PROHIBITED. (a) The charter holder or the governing body of an open-enrollment charter school may not accept a loan from a management company that has a contract to provide management services to: (1) that charter school; or (2) another charter school that operates under a charter granted to the charter holder. (b) A charter holder or the governing body of an open-enrollment charter school that accepts a loan from a management company may not enter into a contract with that management company to provide management services to the school. Added by Acts 2001, 77th Leg., ch. 1504, Sec. 18, eff. Sept. 1, 2001.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § ED.12.124
What does The Texas Constitution § ED.12.124 cover?
Section ED.12.124 ("LOANS FROM MANAGEMENT COMPANY PROHIBITED") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § ED.12.124?
A common citation format is "The Texas Constitution § ED.12.124" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § ED.12.124 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.