Tex. Education Code § 45.260
This is the official text of Tex. Education Code § 45.260, part of Texas’s Education Code — governs public schools and universities in Texas.
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§ 45.260. BONDS NOT ACCELERATED ON FAILURE TO PAY.
Official statutory text
If a school district fails to pay principal or interest on a bond for which credit enhancement is provided under this subchapter when the amount matures, other amounts not yet mature are not accelerated and do not become due by virtue of the district's failure to pay amounts matured.
Status: in_force · Read it on the official government site
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