Texas Education Code - Section 52.62. Establishment Of Savings Bonds Program; Use Of Bond Proceeds
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§ 52.62. ESTABLISHMENT OF SAVINGS BONDS PROGRAM; USE OF
BOND PROCEEDS. (a) The college savings bonds program is
established to provide the public with a method of saving that
encourages enrollment at postsecondary educational institutions.
(b) The college savings bonds issued by the board under this
subchapter are part of the Texas Opportunity Plan Fund, and the
proceeds from the bonds shall be invested as provided by Subchapter
B of this chapter and may be used for student loans as provided by
Subchapter C of this chapter.
(c) The proceeds from the college savings bonds issued under
this subchapter may be used for the costs associated with the
issuance of the bonds, including the cost of marketing the bonds.
Added by Acts 1989, 71st Leg., ch. 1084, § 2.08.
Section: 52.521 52.53 52.54 52.541 52.55 52.56 52.61 52.62 52.63 52.64 52.65 52.66 52.67 52.68 52.69
Last modified: August 10, 2007
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