Principle Criteria
Free Enterprise
Property Rights
Personal Responsibility
Limited Government
Individual Liberty
Digest
SB 1382 imposes a financial eligibility requirement on school districts seeking to guarantee their bonds with the Permanent School Fund. The bill mandates that a district’s total outstanding bond debt cannot exceed $10,000 per enrolled student in order to receive the guarantee. This provision applies only to bonds issued on or after the bill's effective date.
Author (1)
Mayes Middleton
Contact the Author
Sen. Mayes Middleton
Capitol Phone:
(512) 463-0111
Capitol Office:
EXT E1.706
E-Mail:
