Texas Attorney General Opinion: O-2271 Page: 2 of 4
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Honorable T. oC. Chadick, page #2
of the county, including Lone Pine, prior to 19320,
without prorating the independent school districts
their share, including the Mineola Independent.
Since the absorption of the Lone Pine Distriet the
Mineola district has received its pro rata share
of the Available School Fund.
"The interest on the t4,000.00 bond is current
for the year 1940.
"The Mineola district refuses to pay the $600.00
in accrued interest on the t4,000 obligation, but
offers to set this interest claim of the Permanent
School Fund off against the Mineola district olaim
against the Available Sohool Fund.
"Aoorued uncolleoted interest on bonds owned by
the Permanent Sohool Fund of a county is the pro-
perty and a part of the Peranent Sohool Fund until
collected, and not a part of and the property of the
Available School Fund until such collection.
"The claim of an independent school district for
its pro rata share of the Available School ftad of
a county arising when sumach funds were used for ad-
ministrative expense of the ommoon school districts
of the county cannot be set off against the claim
of the County Permanent 8ohool Fund for interest on
bonds the independent school district aasumsd on the
absorption of a common school district that was a
beneficiary of the funds used for administrative
"County Available Sohool Funds cannot be appro-
priated to pay indebtedness incurred in years pre-
vious to its collection.
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Texas. Attorney-General's Office. Texas Attorney General Opinion: O-2271, text, 1940; (texashistory.unt.edu/ark:/67531/metapth259476/m1/2/: accessed January 20, 2019), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; crediting UNT Libraries Government Documents Department.