ELIGIBILITY OF CHARTER DISTRICT BONDS.
Tex. EDUC Code § 45.0541.
in effectTo be eligible for approval by the commissioner, charter district bonds must:
(1) without the guarantee, be rated as investment grade by a nationally recognized investment rating firm; and
(2) be issued under Chapter 53 .
Added by Acts 2011, 82nd Leg., 1st C.S., Ch. 4 (S.B. 1 ), Sec. 59.06, eff. September 28, 2011.
