Texas Education Code - Section 53A.02. Definitions
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§ 53A.02. DEFINITIONS. In this chapter:
(1) "City" means an incorporated city or town in this
state.
(2) "Governing body" means the council, commission, or
other governing body of a city.
(3) "Authority" means a higher education facility
authority created under this chapter.
(4) "Board" means the board of directors of an
authority.
(5) "Institution of higher education" means (i) a
degree-granting college or university corporation accredited by
the Texas Education Agency or by a recognized accrediting agency,
as defined by Section 61.003(13), or (ii) a postsecondary career
school or college accredited by the Association of Independent
Colleges and Schools, the National Association of Trade and
Technical Schools, or the National Accrediting Commission of
Cosmetology Arts and Sciences.
(6) "Educational facility" means a classroom
building, laboratory, science building, faculty or administrative
office building, or other facility used exclusively for the conduct
of the educational and administrative functions of an institution
of higher education.
(7) "Housing facility" means a single- or multi-family
residence used exclusively for housing or boarding, or housing and
boarding students, faculty, or staff members of an institution of
higher learning. The term includes infirmary and student union
building, but does not include a housing or boarding facility for
the use of a fraternity, sorority, or private club.
(8) "Bond resolution" means the resolution
authorizing the issuance of revenue bonds.
(9) "Trust indenture" means the mortgage, deed of
trust, or other instrument pledging revenue or property, or
creating a mortgage lien on property, or both, to secure the revenue
bonds issued by the authority.
(10) "Accredited primary or secondary school" means a
primary or secondary school, including a preschool, that is
accredited by an accreditation body that is a member of the Texas
Private School Accreditation Commission.
(11) "Borrower" means any of the following entities
that is the recipient of a loan made under Section 53A.34:
(A) an institution of higher education;
(B) a nonprofit corporation:
(i) incorporated by and under the exclusive
control of an institution of higher education; or
(ii) incorporated and operating for the
exclusive benefit of an institution of higher education and
authorized by the governing board of the institution to enter into a
transaction as a borrower under this chapter; or
(C) an accredited primary or secondary school.
Added by Acts 2005, 79th Leg., ch. 641, § 2, eff. Sept. 1, 2005.
Section: 154.003 154.004 154.005 154.006 154.007 154.008 53A.01 53A.02 53A.11 53A.12 53A.13 53A.131 53A.14 53A.15 53A.31
Last modified: August 10, 2007
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