Texas Education Code 45.307 – Status of Program
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(a) The program is separate from and does not create any claim to the credit enhancement program for school district bonds under Subchapter I.
(b) This subchapter does not create a debt of the state under the Texas Constitution or, except to the extent provided by this subchapter, create a payment obligation.
Terms Used In Texas Education Code 45.307
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.