Texas Education Code 45.263 – Rules
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(a) The commissioner shall adopt rules necessary for the administration of the bond credit enhancement program under this subchapter.
(b) In adopting rules under Subsection (a), the commissioner shall establish an annual deadline by which a school district must pay the debt service on bonds for which credit enhancement is provided under this subchapter. The deadline established may not be later than the 10th day before the date specified under § 48.273 for payment to school districts of the final Foundation School Program installment for a state fiscal year.
Terms Used In Texas Education Code 45.263
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.