Tex. Education Code § 12.124
This is the official text of Tex. Education Code § 12.124, part of Texas’s Education Code — governs public schools and universities in Texas.
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§ 12.124. LOANS FROM MANAGEMENT COMPANY PROHIBITED.
Official statutory text
(a) The charter holder or the governing body of an open-enrollment charter school may not accept a loan from a management company that has a contract to provide management services to:
(1) that charter school; or
(2) another charter school that operates under a charter granted to the charter holder.
(b) A charter holder or the governing body of an open-enrollment charter school that accepts a loan from a management company may not enter into a contract with that management company to provide management services to the school.
(1) that charter school; or
(2) another charter school that operates under a charter granted to the charter holder.
(b) A charter holder or the governing body of an open-enrollment charter school that accepts a loan from a management company may not enter into a contract with that management company to provide management services to the school.
Status: in_force · Read it on the official government site
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