(a) A district may receive state assistance in connection with a lease-purchase agreement concerning an instructional facility. For purposes of this subchapter:
(1) taxes levied for purposes of maintenance and operations that are necessary to pay a district’s share of the payments under a lease-purchase agreement for which the district receives state assistance under this subchapter are considered to be bond taxes; and
(2) payments under a lease-purchase agreement are considered to be payments of principal of and interest on bonds.
(b) § 46.003(b) applies to taxes levied to pay a district’s share of the payments under a lease-purchase agreement for which the district receives state assistance under this subchapter.

(c) A lease-purchase agreement must be for a term of at least eight years to be eligible to be paid with state and local funds under this subchapter.