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A BILL TO BE ENTITLED
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AN ACT
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relating to compliance with minimum safety standards as a condition |
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for the issuance of tax-supported bonds by school districts. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter A, Chapter 45, Education Code, is |
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amended by adding Section 45.0012 to read as follows: |
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Sec. 45.0012. SAFETY STANDARDS AS CONDITION FOR ISSUANCE OF |
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TAX-SUPPORTED BONDS. |
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(a) Before issuing bonds described by Section 45.001, a |
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school district must demonstrate to the agency, including the |
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provisions of written assurances, that the district has satisfied |
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at least one of the following conditions: |
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(1) School buildings and other district facilities |
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comply with minimum safety standards as determined by commissioner |
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rule; or |
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(2) Proceeds from the bonds to be sold will be used to |
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achieve compliance with the minimum safety standards determined by |
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commissioner rule. |
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(b) A school district is required to comply with an |
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assurance provided to the agency under Subsection (a)(2). |
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SECTION 2. This Act takes effect September 1, 2023. |