About the North Texas Education Finance Corporation (NFC)

The purpose for organizing the Corporation is to provide an instrumentality to exercise the powers granted to an entity having the powers set forth under Chapter 53 and 53A, Texas Education Code, and particularly, Section 53.35(b) and 53A.35(b) of the Texas Education Code (collectively, the "Act"). The specific purposes for which the Corporation is organized and may issue bonds on behalf of the City are any purposes permitted by the Act including, but not limited to, the financing or refinancing of "educational facilities" or "housing facilities" (as such terms are defined in the Act) and facilities which are incidental, subordinate, or related thereto or appropriate in connection therewith located in the State of Texas in accordance with and subject to the provisions of the Act, and to be done for or on behalf of the City.

Departments

Duties

• Meet Annually to issue obligations to finance projects pursuant to the provisions of the Section 53.35(b) and 53A.35(b), Texas Education Code, as amended (the "Act").