This law allows the Texas legislature to use the permanent school fund to back bonds issued by school districts. It is aimed at facilitating loans or bond purchases for the acquisition or improvement of educational facilities.
Permits use of permanent school fund for school district bonds.
Supports acquisition and improvement of instructional facilities.
Legislature determines specific implementation through law.
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In simple terms: Learn about Texas's law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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