Texas § ED.45.1105 - USE OF UNSPENT GENERAL OBLIGATION BOND PROCEEDS
Full text of Texas The Texas Constitution § ED.45.1105 — USE OF UNSPENT GENERAL OBLIGATION BOND PROCEEDS, with citation guidance and answers to common questions.
§ ED.45.1105. USE OF UNSPENT GENERAL OBLIGATION BOND PROCEEDS
USE OF UNSPENT GENERAL OBLIGATION BOND PROCEEDS. (a) A school district may use the unspent proceeds of issued general obligation bonds only: (1) for the specific purposes for which the bonds were authorized; (2) to retire the bonds; or (3) for a purpose other than the specific purposes for which the bonds were authorized if: (A) the specific purposes are accomplished or abandoned; and (B) the board of trustees at a public meeting held only for the purpose of considering the use of the unspent bond proceeds approves in separate votes the use of the proceeds for: (i) a purpose other than to retire the bonds; and (ii) the purpose specified at the time the vote is taken. (b) In addition to other requirements of law, notice of a public meeting held under this section must include a statement that the board of trustees will consider the use of unspent bond proceeds for a purpose other than the specific purposes for which the bonds were authorized. (c) A public meeting held under this section must provide the public an opportunity to address the board of trustees on the question of using the unspent bond proceeds for a purpose other than the specific purposes for which the bonds were authorized. Added by Acts 2019, 86th Leg., R.S., Ch. 726 (H.B. 440 ), Sec. 1, eff. September 1, 2019.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § ED.45.1105
What does The Texas Constitution § ED.45.1105 cover?
Section ED.45.1105 ("USE OF UNSPENT GENERAL OBLIGATION BOND PROCEEDS") 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.45.1105?
A common citation format is "The Texas Constitution § ED.45.1105" (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.45.1105 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.