107.67 – LIMITATION ON OBLIGATIONS. In the erecting, or in
Texas Education Code § 107.67
Summary
This law restricts the board from incurring debt related to dormitory construction and improvements, ensuring that any obligations are not personal liabilities. It mandates that such debts can only be settled through system revenues or property.
Limits board's ability to incur debt for dormitories and improvements.
Obligations cannot be personal liabilities of the system.
Debts must be paid from system revenue or property.
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In simple terms: Learn about Texas's LIMITATION ON OBLIGATIONS. In the erecting, or in 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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