It’s the Law
Texas law states:
Texas Education Code Sec. 45.001. BONDS AND BOND TAXES.
(a) The governing board of an independent school district, including the city council or commission that has jurisdiction over a municipally controlled independent school district, the governing board of a rural high school district, and the commissioners court of a county, on behalf of each common school district under its jurisdiction, may:
(1) issue bonds for:
(A) the construction, acquisition, and equipment of school buildings in the district;
(B) the acquisition of property or the refinancing of property financed under a contract entered under Subchapter A, Chapter 271, Local Government Code, regardless of whether payment obligations under the contract are due in the current year or a future year;
(C) the purchase of the necessary sites for school buildings;
(D) the purchase of new school buses;
(E) the retrofitting of school buses with emergency, safety, or security equipment; and
(F) the purchase or retrofitting of vehicles to be used for emergency, safety, or security purposes
