Texas Education Code - Section 52.03. Board Interest And Sinking Funds
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§ 52.03. BOARD INTEREST AND SINKING FUNDS. (a) The board
by resolution may establish one or more interest and sinking funds
as accounts in the state treasury.
(b) A board interest and sinking fund established under this
section consists of deposits made by the board as provided by this
chapter.
(c) A board interest and sinking fund established under this
section may be used for any purpose related to the student loan
program.
(d) The board by resolution may create and provide the terms
of administration and use of one or more accounts in a board
interest and sinking fund established under this section.
Added by Acts 1993, 73rd Leg., ch. 571, § 4, eff. Aug. 30, 1993.
Section: 51.964 51.965 51.966 51.967 51.968 52.01 52.02 52.03 52.04 52.11 52.12 52.13 52.14 52.15 52.16
Last modified: August 10, 2007
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