Texas Education Code - Section 52.52. Contracts
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§ 52.52. CONTRACTS. (a) Except as provided by this
section, in achieving the goals outlined in this chapter and the
performance of functions assigned to it, the board may contract
with any other state governmental agency as authorized by law, with
any agency of the United States, and with corporations,
associations, partnerships, and individuals.
(b) The board may not make an agreement with a guarantor
concerning any insured student loans the board authorizes that
requires the board to file suit or take other action to collect on a
defaulted loan beyond the 365th day after the official default date
occurs on the loan, unless such a requirement is imposed by the
guarantor on other lenders making the same kind of insured student
loans.
(c) Not later than January 1, 1991, the board shall amend
its contract with the United States Department of Education that
requires the board to file suit to obtain judgment on a defaulted
loan before filing a claim on the defaulted loan with the guarantor
to reflect the requirement in Subsection (b) of this section.
(d) The board may approve and enter into agreements that are
necessary for the operation of the student loan program or that
relate to the issuance of bonds.
Acts 1971, 62nd Leg., p. 3072, ch. 1024, art. 1, § 1, eff. Sept.
1, 1971. Amended by Acts 1989, 71st Leg., ch. 1084, § 2.04, eff.
Sept. 1, 1989; Acts 1993, 73rd Leg., ch. 571, § 11, eff. Aug. 30,
1993.
Section: 52.37 52.38 52.39 52.40 52.41 52.501 52.51 52.52 52.521 52.53 52.54 52.541 52.55 52.56 52.61
Last modified: August 10, 2007
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