By: Bonnen H.B. No. 4050
A BILL TO BE ENTITLED
AN ACT
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.