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OFFICE OF THE ATTORNEY GENERAL OF TEXAS AUSTIN Honorable T. C. Chadlok county Attorney Wood CQunty Quitam, Texas Dear Sir; kahlll.d~8‘roo‘ of your opinion requ*n of %' ,wr$, uote prom~your letter a8 folJow8r an \ T,\ ;,.I” ,/ ne Txonmi6nQ6hool Dirtriot lemwd bond8 0 464 now QWXIMby the Wood Beho Fund; ruoh bondr oontain- hat they ml@& be raoallrd at the ver; 8lnw the tlmo of frmanoa Sohool Dlstriot ha8 been absorb- a Indepemlont Sohool Dlstriat, ohool distriot ammhg the pay- e bonda; the Wneola distrlot defaulted annual int8rsrt to the extent of $tICC.OO; the loinesla dietriot ham oallrd the bond8 for p4p ment of the prlnoipal. “The Wood County Board of Eduoatlon wed the fund8 in the Available Sohool Pun6 for adminirrtratire ex- penne benefioial to all t&e o~mnon sohool ditiriot4 OR FIRS, .*sI*TANT Honorable T. C. Chadiok, page #S of the county, inoludlng Lone Pine, prior to lQS1), without prorating the independent aohool dfetriote their share, inoluding the Mineola Independent. Slnoe the abeorptlon of the Lone Pine Dietriot the Yineela 4letriot ha8 reaeire4 lte pro rata share of the Available Sohool Pund. *The intereet on the $4,000.00 band is ourrent for the year 1940. “The YLineola dietriot mfueee to pay the #~OO.OO in aoorued lnteraet on t&a $4,000 obligation, but offers to eet this intereet olaim of the Permanent sohool Pun4 off againet tha Nineola district olaim agglnet the AvaIlable Sohool Fund. PROPOSITIONS Number one wAoorue4 unoolleotad interest on bon48 0wne4 by the Permanent Sohool Fund of a oounty is the paw- party and a part of the Pemianent Sohool Fun4 until oolleoted, ati not a part of and the property of the Available &hool Pun4 until suah #OlleetlOn. HumberTwo “The olaia of an independent eohool dletriot for ite pm rata ehare of the Available Sohool Tun4 of a oounty arlelng when euoh fun48 were urea for ad- ninietratire expenee oi the o o mmoln ahaol dlstrlote of the oountg onnnot be eet off ag%lMt the olaim of the County Permawnt Sohool Fund for intereet on bonda the independent eohool dietriot aeetuwd on the ab6orption of a oommon eohool dietriet that *PO a benefioiary of the fulde use4 for adminietmmtire erpenre. IWnber Three *County Available Sohool Fun4e cannot be appro- priated to pay indebtedneee lnourrsd in yeere pre- ~ioua to Its aolleotion. Honorable 0. C. Chad&ok, page #S W l * * We request an anewer $e each of the pivpo8ltlo~.= The Constitution and Statutes ennetea thereunder ae- dare what shall oonetitute the S&101 pun4. Conetitution, $tib9, Sea. g-6; Revfeed Cirll Statutes, 1985, Arts. eSg.3- - . Tha Oounty Available Sohool J'un4 18 the fund whioh is used te pay the admlnletratire end operating erpenee of the rohoole of the oounty. This fald 18 derit84 from several 80uroe8, one of whioh is the Interest arising from any bonds belenglng to the Penmneat School lbnd. Arts. SSPb aId ebS4, Retlee Civil Statutes; 39 Tex. Jurieprudenoe, pages 860-1-e. The laanagement en4 oontml of the available fun4 eeme to be in the oounty eohool truBtee8, aotlng through the oounty euper- inteindent. Oge, et al vs. yroboeee, et al., 64 S.W. 6SS. The Permanent S&o01 FW4 18 a trust fund for eduoatlon- al purposes. The aoontise are mere trustees for the Bm4e an4 the publio eohoole are the banefloiarlee~ 84 Tex. JUriepru4enue, 060, and oases olted therein. This departmat he8 had that the OOIimi88ion8r8' oourt ha8 the reepctneibillty or intesting sad eafeguarding this tuna. Attorney General*8 Opinion Number 0-14S4; Art. 9, Sea. 6, of the State Co~tJtutlon; Qt. MU, Revised Civil Statutes. The purpose of the foregoing 41seueelon is to show that the Permanent Sohool sund and the Available sohaol Fund are on- tlrely separate and dietinat funds, under Qanegemnt and control of different gprernlng bodies and sea-m tww different purpoeee. As stated above, the interest lri8ing from bonds belonging to the Psmianeat Soboo Pund, becomes a part of the Available Fun4. We underrrtand thle eontemplates the money aelleoted es beooming a pert an4 not the mere right te oolleat, which is lnahoate, end, until the money is ooll8ote4, aennet be lx e r elSe4 b ya ny entity except the trustees aotingt for the Permanent Sohool pun4. The Interest does not beoome a part of the Avellable ?un4 un- til aolleoted an4 properly ploeea in eald fund. Un4er the faote eubmlttea we are not paee2zig~‘upon the question of whether or not this oleim agtdnet the eohool fun4 Is a &et one, but whether euith &aim is just or not, it oannot be set off against the Permanent S&o01 Fun4. Bonorable T. C. Chadiok, page #4 Therefore, It is the opinion of thie department that m;r;;;et two propositions, as stated by you, are true and . We do not feel that we here been furnished with euffi- oleat lnfornvtion to apply your third propoeltlon to the facts submitted. Howeter, we till Hate, aa a general rule, tha8 eahool fun4e aannot be appropriate4 to aauro4 In yeere prwioue to its oolleat y on. ingE”$y:. ‘gas seek,
58 S.W. 956. Truetlng that this answers pour question, we are Very truly yours
Document Info
Docket Number: O-2271
Judges: Gerald Mann
Filed Date: 7/2/1940
Precedential Status: Precedential
Modified Date: 2/18/2017