Texas Attorney General Opinion: JM-729 Page: 1 of 3
This text is part of the collection entitled: Texas Attorney General Opinions and was provided to The Portal to Texas History by the UNT Libraries Government Documents Department.
Extracted Text
The following text was automatically extracted from the image on this page using optical character recognition software:
THE ATTORNEY GENERAL
OF TEXAS
June 26, 1987
JI MItArrOX
ATTORNEY GENERAL
Honorable L.T. Des Champs Opinion No. JM-729
Llano County Attorney
Llano County Courthouse Re: Whether a commissioners court
Llano, Texas 78643 may make improvements on county
school land from proceeds received
from the lease of that land
Dear Mr. Des Champs:
You ask whether the Commissioners Court of Llano County has
authority to make improvements on county school land from proceeds
received from the lease of that land.
Article VII, section 6, of the Texas Constitution limits the
manner in which the proceeds from "county school lands" may be
invested by a commissioners court, as follows:
Each county may sell or dispose of its lands in
whole or in part, in manner to be provided by the
Commissioners' Court of the county. . ... Said
lands, and the proceeds thereof, when sold, shall
be held by said counties alone as a trust for the
benefit of public schools therein; said proceeds
to be invested in bonds of the United States, the
State of Texas, or counties in said State, or in
such other securities, and under such restrictions
as may be prescribed by law .... (Emphasis
added).
Section 17.82 of the Texas Education Code states:
(b) The proceeds of any such sale shall be
invested in bonds of the United States; the State
of Texas; counties of the state; independent or
common school districts; road precinct, drainage,
irrigation, navigation, and levee districts in the
state; or incorporated cities or towns; or in
interest-bearing bank time deposits with the bank
having been designated the depository for that
county under the terms and conditions of the
depository contract. These bonds and deposits
shall be held by the county in trust for thep. 3391
Upcoming Pages
Here’s what’s next.
Search Inside
This text can be searched. Note: Results may vary based on the legibility of text within the document.
Tools / Downloads
Get a copy of this page or view the extracted text.
Citing and Sharing
Basic information for referencing this web page. We also provide extended guidance on usage rights, references, copying or embedding.
Reference the current page of this Text.
Texas. Attorney-General's Office. Texas Attorney General Opinion: JM-729, text, June 26, 1987; (https://texashistory.unt.edu/ark:/67531/metapth273167/m1/1/?q=%22%22~1: accessed July 17, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting UNT Libraries Government Documents Department.