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The Robin Hood Plan is a colloquialism given to a provision of Texas Senate Bill 7 (73rd Texas Legislature) (the provision is officially referred to as "recapture"), originally enacted by the U.S. state of Texas in 1993 (and revised frequently since then) to provide equity of school financing within all school districts in the state of Texas.
Texas has a constitutional obligation to provide free public schools. This isn’t how government should work. As the Texas Constitution states, “It shall be the duty of the Legislature of the ...
Texas K-12 schools are in a “holding pattern” as they try to figure out how to reduce any possible financial harm wrought by flouting the new federal rules, said the Texas Association of ...
The Texas House also rejected school choice proposals that would have used public money to pay for private education, which were championed by Gov. Greg Abbott, leaving Republican members who ...
A loan covenant is a condition in a commercial loan or bond issue that requires the borrower to fulfill certain conditions or which forbids the borrower from undertaking certain actions, or which possibly restricts certain activities to circumstances when other conditions are met.
The most commonly violated restrictions in affirmative covenants are tangible net worth, working capital/short term liquidity, and debt service coverage. Negative covenants are clauses in debt contracts that limit or prohibit corporate actions (e.g. sale of assets, payment of dividends) that could impair the position of creditors.
In the 13th and 14th centuries the forms of action for the enforcement of agreements were covenant, debt, detinue, and account. [3] These were all writs in the praecipe form, meaning that they commanded the defendant to perform an act: for example, to keep a promise; to yield up a sum of money or chattel unjustly withheld; or to render accounts.
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