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Texas Education Code - Section 57.12. Application Of Sunset Act

Legal Research Home > Texas Lawyer > Education Code > Texas Education Code - Section 57.12. Application Of Sunset Act

§ 57.12. APPLICATION OF SUNSET ACT.  (a) The Texas 
Guaranteed Student Loan Corporation is subject to Chapter 325, 
Government Code (Texas Sunset Act).  Unless continued in existence 
as provided by that chapter, the corporation is abolished and this 
chapter expires September 1, 2017.
	(b)  If the corporation is abolished, the comptroller of 
public accounts shall serve as trustee to administer the assets of 
the corporation and satisfy all outstanding obligations.

Added by Acts 1979, 66th Leg., p. 1711, ch. 706, § 1, eff. Aug. 
27, 1979.  Amended by Acts 1985, 69th Leg., ch. 479, § 199, eff. 
Sept. 1, 1985;  Acts 1985, 69th Leg., ch. 729, § 15, eff. Sept. 1, 
1985;  Acts 1989, 71st Leg., ch. 985, § 2, eff. Sept. 1, 1989;  
Acts 1991, 72nd Leg., 1st C.S., ch. 17, § 6.05, eff. Nov. 12, 
1991;  Acts 1999, 76th Leg., ch. 967, § 3, eff. June 18, 1999;  
Acts 2005, 79th Leg., ch. 221, § 1, eff. Sept. 1, 2005.

Last modified: August 10, 2007