Texas Education Code - Section 52.20. Student Loan Notes
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§ 52.20. STUDENT LOAN NOTES. (a) Promissory notes
evidencing student loans made by the board with proceeds from bonds
may be deposited and held in any fund as directed by the board
resolution that authorized the issuance of the bonds.
(b) The board may pledge and grant a security interest in
all or any portion of those promissory notes to any person to
further secure the payment of principal and interest on bonds
issued under this chapter or of obligations under any contracts
entered into by the board relating to the issuance of a series of
bonds.
Added by Acts 1993, 73rd Leg., ch. 571, § 9, eff. Aug. 30, 1993.
Section: 52.13 52.14 52.15 52.16 52.17 52.18 52.19 52.20 52.31 52.32 52.321 52.33 52.34 52.35 52.36
Last modified: August 10, 2007
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