Bill Text: TX HB4050 | 2023-2024 | 88th Legislature | Introduced
Bill Title: Relating to compliance with minimum safety standards as a condition for the issuance of tax-supported bonds by school districts.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2023-03-20 - Referred to Youth Health & Safety, Select [HB4050 Detail]
Download: Texas-2023-HB4050-Introduced.html
By: Bonnen | H.B. No. 4050 |
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relating to compliance with minimum safety standards as a condition | ||
for the issuance of tax-supported bonds by school districts. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Subchapter A, Chapter 45, Education Code, is | ||
amended by adding Section 45.0012 to read as follows: | ||
Sec. 45.0012. SAFETY STANDARDS AS CONDITION FOR ISSUANCE OF | ||
TAX-SUPPORTED BONDS. | ||
(a) Before issuing bonds described by Section 45.001, a | ||
school district must demonstrate to the agency, including the | ||
provisions of written assurances, that the district has satisfied | ||
at least one of the following conditions: | ||
(1) School buildings and other district facilities | ||
comply with minimum safety standards as determined by commissioner | ||
rule; or | ||
(2) Proceeds from the bonds to be sold will be used to | ||
achieve compliance with the minimum safety standards determined by | ||
commissioner rule. | ||
(b) A school district is required to comply with an | ||
assurance provided to the agency under Subsection (a)(2). | ||
SECTION 2. This Act takes effect September 1, 2023. |