Tex. Educ. Code § 45.260
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
If a school district fails to pay principal or interest on a bond for which credit enhancement is provided under this subchapter when the amount matures, other amounts not yet mature are not accelerated and do not become due by virtue of the district's failure to pay amounts matured.
Tex. Educ. Code § 45.260