Texas AG Rules TEA Must Limit Charter Schools' Participation in Bond Guarantee Program

By Thomas Canby posted 03-04-2015 12:47

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This week, the Texas Attorney General released Opinion KP-0005 (2015) on the "Construction of section 45.0532 of the Education Code regarding the limitation on the guarantee of charter district bonds.”

The summary to the opinion states:

“A court would likely conclude that section 45.0532 of the Texas Education Code establishes a maximum limit on the cumulative amount of charter district bonds that may be guaranteed under article VII, section 5(d) of the Texas Constitution.”

To read the Opinion, click on the link below.

https://www.texasattorneygeneral.gov/opinions/opinions/51paxton/op/2015/kp0005.pdf

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