SB 883, 66th R.S. history

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SB 883, 66th R.S.
To change the duties and powers of the State Board of Education with regard to the permanent and available school fund to conform to sound, current investment practices; removing the requirement that bonds of school districts of the state be first offered for purchase to the State Board of Education; authorizing the use of a bank "lock-box" system to speed collection of income to the Available School Fund; authorizing participation in a fully secured stock and bond loan program to increase the earnings of the Available School Fund.

Last action: Effective immediately

Author: W.E. "Pete" Snelson
Sponsor: Hamp Atkinson

Session Law Chapter:
Acts 1979, 66th R.S.,ch. 661, General and Special Laws of Texas


HB 1596 (Identical)

Education--Primary & Secondary--Finance

House Committee: Ways & Means ()
Minutes: May 16 1979
Senate Committee: Education ()

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