Enrolled Bill Summary

House Bill 1531 amends the Education Code to allow a nonprofit corporation to issue bonds to finance or refinance educational facilities for use by a school that: (1) is located in a county with a population of more than 1.8 million; (2) is located within three miles of a designated enterprise zone; (3) provides primary and secondary education to at least 1,000 students; (4) is accredited by an organization approved by the Texas Education Agency for private school accreditation; and (5) is owned and operated by a Texas nonprofit corporation.