Texas § ED.45.055 - APPLICATION FOR GUARANTEE
Full text of Texas The Texas Constitution § ED.45.055 — APPLICATION FOR GUARANTEE, with citation guidance and answers to common questions.
§ ED.45.055. APPLICATION FOR GUARANTEE
APPLICATION FOR GUARANTEE. (a) A school district or charter district seeking guarantee of eligible bonds under this subchapter shall apply to the commissioner using a form adopted by the commissioner for the purpose. The commissioner may adopt a single form on which a school district seeking guarantee or credit enhancement of eligible bonds may apply simultaneously first for guarantee under this subchapter and then, if that guarantee is rejected, for credit enhancement under Subchapter I. (b) An application under Subsection (a) must include: (1) the name of the school district or charter district and the principal amount of the bonds to be issued; (2) the name and address of the district's paying agent for those bonds; and (3) the maturity schedule, estimated interest rate, and date of the bonds. (c) An application under Subsection (a) must be accompanied by a fee set by rule of the board in an amount designed to cover the costs of administering the programs to provide the guarantee or credit enhancement of eligible bonds. Added by Acts 1995, 74th Leg., ch. 260, Sec. 1, eff. May 30, 1995. Amended by: Acts 2009, 81st Leg., R.S., Ch. 1328 (H.B. 3646 ), Sec. 70, eff. September 1, 2009. Acts 2011, 82nd Leg., 1st C.S., Ch. 4 (S.B. 1 ), Sec. 59.07, eff. September 28, 2011.
Frequently Asked Questions About Texas § ED.45.055
What does The Texas Constitution § ED.45.055 cover?
Section ED.45.055 ("APPLICATION FOR GUARANTEE") 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.45.055?
A common citation format is "The Texas Constitution § ED.45.055" (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.45.055 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.