Case Information
*1 OFFICE OF THE ATTORNEY GENERAL OF TEXAS AUSTIN
Honorable T. C. Chadlok
county Attorney
Wood CQunt y Texas
Quitam,
Dear Sir;
kahlll.d~8‘roo‘ of your opinion requ*n of %' an ,wr$, uote prom~your letter a8 folJow8r \ T,\ ;,. I” ,/ ne Txonmi6n Q6hool Dirtriot lemwd bond8 0 464 now QWXIM by 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- 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 bond8 for p4p ment of the prlnoipal.
“The Wood County Board of Eduoatlon wed the fund8 in the Available Sohool Pun6 for adminirrtratire ex- benefioial to all t&e o~mnon sohool ditiriot4 penne
OR FIRS, .*sI*TANT *2 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 Yineela 4letriot ha8 reaeire4 lte pro rata share 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 on bon48 0wne4 by
wAoorue4 unoolleotad interest 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.
Humber Two “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 ad- ninietratire expenee oi the o ommon l ahaol dlstrlote of the oountg onnnot eet off ag%lMt the olaim of the County Permawnt Sohool Fund for intereet on bonda independent eohool dietriot aeetuwd on the ab6orption of a oommon eohool dietriet that *PO a benefioiary of the fulde use4 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 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-
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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 the Bm4e an4 the publio eohoole are the banefloiarlee~ 84 Tex. JUriepru4enue, This departmat he8 had that 060, and oases olted therein. the OOIimi88ion8r8' oourt ha8 the reepctneibillty or intesting this tuna. Attorney General*8 Opinion Number sad eafeguarding 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 different gprernlng bodies and sea-m tww different purpoeee. As stated above, the interest l ri8ing from bonds belonging the Psmianeat Soboo Pund, becomes a part of the Available Fun4. We underrrtand thle eontemplates the money aelleoted es beooming pert an4 not the mere right te oolleat, which is lnahoate, end, until money is ooll8ote4, aennet l x erelSe4 by any entity except the trustees aotingt 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 It is the opinion of thie department that Therefore,
m;r;;;et two propositions, as stated by you, are and true We do not feel that we here been furnished with euffi- oleat lnfornvtion to apply your third propoeltlon to the facts Howeter, we till Hate, aa a general rule, tha8 submitted. eahool fun4e aannot be appropriate4 to its oolleat y ingE”$y:. ‘gas aauro4 In yeere prwioue on. seek, 58 S.W. 956.
Truetlng that this answers pour question, we are
Very truly yours