What are bonds used to pay for?
Under Texas law, bond funds may only be used to pay for non-recurring expenditures for items with a useful life of more than one year, such as new buildings, additions and renovations to existing facilities, purchasing land, and equipment for new or existing buildings. Bond funds CANNOT be used for employee salaries, operating costs such as utility bills, supplies, fuel, and insurance. The Pine Tree Independent School District, like all school districts in Texas, uses its maintenance and operating (M&O) budget to fund salaries, curriculum and other operating expenses.