| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | 89R13570 KJE-D | |
| 2 | 2 | By: Hinojosa of Nueces S.B. No. 1636 | |
| 3 | 3 | ||
| 4 | 4 | ||
| 5 | 5 | ||
| 6 | 6 | ||
| 7 | 7 | A BILL TO BE ENTITLED | |
| 8 | 8 | AN ACT | |
| 9 | 9 | relating to prohibiting a school district from using interest and | |
| 10 | 10 | sinking tax revenue to pay for deferred maintenance. | |
| 11 | 11 | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | |
| 12 | 12 | SECTION 1. Subchapter E, Chapter 45, Education Code, is | |
| 13 | 13 | amended by adding Section 45.116 to read as follows: | |
| 14 | 14 | Sec. 45.116. PROHIBITION ON USE OF BOND TAXES FOR DEFERRED | |
| 15 | 15 | MAINTENANCE. A school district may not use revenue from the | |
| 16 | 16 | district's interest and sinking tax to pay for deferred | |
| 17 | 17 | maintenance. | |
| 18 | 18 | SECTION 2. This Act takes effect September 1, 2025. |