DALLAS -- Texas officials say the scope of a long-awaited $750 million school bond bank program is tied to a provision that congressional negotiators have restored to the final urban aid tax bill.

The provision, to let issuers keep their bank-qualified privileges in pool financings, is the key to whether hundreds of Texas school districts will have a financial incentive to use the bond bank program, state officials say.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.