This is a clone of the Texas Administrative Code (TAC) for educational purposes. It is not the official version and should not be used for legal purposes. Site created Wed, 21 May 2025 21:16:52 GMT
(a) If a district proposes an increase in a commission approved interest rate or a change in maturity schedule which requires no increase in bond amount or change in the commission approved tax rate, the district shall file a written statement with the executive director signed by the board president indicating that no such increase or change is required and shall provide a revised bond issue cost summary. Under these conditions, no further approval is required.(b) If a district proposes a change in a commission approved interest rate or a change in maturity schedule which requires an increase in the bond amount, approval of the commission of a bond amendment by the district is required.(c) If a district proposes a change in a commission approved interest rate or maturity schedule which requires a change in the commission approved tax rate, approval of the executive director is required. To secure such approval, the district shall file the following:(1) a resolution by the governing board requesting approval of the change;(2) a revised cost summary, if applicable, projection of revenues and expenses, and amortization schedule, as applicable;(3) a detailed explanation for the change;(4) a filing fee in the amount of $100; and(5) other information as the executive director may require.