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State Law
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Texas Education Code - Chapter 52 Student Loan ProgramLegal Research Home > Texas Lawyer > Education Code > Texas Education Code - Chapter 52 Student Loan Program The Texas Higher Education Coordinating Board, or its successors, shall administer the student loan program authorized by this chapter pursuant to Article III, Sections 50b, ... The board may delegate to the commissioner of higher education the powers, duties, and functions authorized by this chapter, except those relating to the sale ... (a) The board by resolution may establish one or more interest and sinking funds as accounts in the state treasury. (b) A board interest and ... (a) The board by resolution may establish one or more board student loan funds as accounts in the state treasury. (b) A board student loan ... (a) The board may from time to time provide by resolution for the issuance of negotiable bonds in a total aggregate amount not exceeding $285 ... (a) The board may provide by resolution for the issuance of refunding bonds for the purpose of refunding any bonds issued under the provisions of ... All bonds issued pursuant to the provisions of this chapter are legal and authorized investments for banks, savings banks, trust companies, building and loan associations, ... When the board has authorized the issuance of a series of bonds and has determined to call for bids on the bonds, it shall publish ... No installment or series of bonds may be sold for an amount less than the face value of all the bonds comprising the installment or ... All proceeds from the sale of bonds authorized by Article III, Section 50b, 50b-1, or 50b-2 of the Texas Constitution shall be deposited in the ... (a) Each fiscal year a sufficient portion of the funds received by the board as repayment of student loans granted under this chapter, as interest ... The comptroller of public accounts shall make the transfers required under the provisions of this chapter and shall pay or cause to be paid the ... All money in the Texas college interest and sinking fund and in each board interest and sinking fund, including the reserve portion, and all money ... (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 ... In this subchapter, "participating higher educational institution" means a public or private nonprofit institution of higher education, including a junior college, accredited by a recognized ... (a) The board may authorize loans from the Texas Opportunity Plan Fund to a qualified applicant who: (1) is a resident of this state as ... In establishing requirements to be met by applicants for student loans authorized by the board under this chapter, the board may not establish standards relating ... The amount of the loan to any qualified applicant shall be limited to the difference between the financial resources available to the applicant, including but ... (a) No payment may be made to any student until the student has executed a note payable to the Texas Opportunity Plan Fund for the ... The term of all authorized loans must be for the shortest possible period consistent with general practice by issuers of student loans, as determined by ... (a) The board shall from time to time fix the interest to be charged for any student loan at a rate sufficient to pay the ... The board may contract with any insurance company or companies licensed to do business in Texas for insurance on the life of any student borrower ... Repayment of any loan and interest authorized under this chapter shall be made monthly and shall begin not later than nine months after the date ... When any person who has received a loan authorized by this chapter has failed or refused to make as many as six monthly payments due ... (a) The board may cancel the repayment of a loan received by a student who earns a doctorate of psychology degree and who is employed ... (a) Except as provided by Subsection (c), the board may issue a student loan under the Federal Family Education Loan Program (20 U.S.C. Section 1071 ... In this chapter: (1) "Board" means the Texas Higher Education Coordinating Board. (2) "Board interest and sinking fund" means an interest and sinking fund established ... The board may appoint advisory committees from outside its membership as it deems necessary to assist it in achieving the purposes of this chapter. Acts ... (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 ... (a) The board shall file a claim with the appropriate guarantor on an insured loan in default as soon as it is practicable to do ... The board may accept gifts, grants, or donations of real or personal property from any individual, group, association, or corporation or the United States, subject ... (a) The board shall adopt and publish rules and regulations to effectuate the purposes of this chapter in accordance with and under the conditions applied ... (a) The board shall establish separate accounting within the Texas Opportunity Plan Fund and the student loan auxiliary fund for each of its existing loan ... All transactions under the provisions of this chapter are subject to audit by the state auditor. Acts 1971, 62nd Leg., p. 3072, ch. 1024, art. ... (a) The board shall make a report of the operations of the Texas Opportunity Plan and of the student loan auxiliary fund to the governor ... In this subchapter: (1) "College savings bond" means a general obligation bond issued by the board under Article III, Section 50b-2, of the Texas Constitution. ... (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 legislature finds and declares that this subchapter: (1) by authorizing the issuance of general obligation bonds as college savings bonds provides the public with ... (a) The board shall administer the college savings bonds program. (b) The board may adopt any rules necessary to administer this subchapter. Added by Acts ... In determining the eligibility of a student for a scholarship, grant, or other monetary assistance awarded by a state agency, an amount of $10,000 or ... (a) The board shall issue and sell college savings bonds in a total aggregate amount not exceeding $75 million authorized under Article III, Section 50b-2, ... The college savings bonds authorized under Article III, Section 50b-2, of the Texas Constitution and issued in accordance with this subchapter are general obligations of ... (a) Savings bonds issued under this subchapter must mature serially or otherwise not more than 25 years after they are issued. (b) The college savings ... The aggregate principal amount of the college savings bonds issued under this subchapter shall be the aggregate of the initial offering prices, not including accrued ... (a) The board shall coordinate the marketing and distribution of the college savings bonds. (b) The board may use its staff to assist in the ... The performance of official duties prescribed by this subchapter and Article III, Section 50b-2, of the Texas Constitution, in reference to the payment of the ... The board may provide for the replacement of any college savings bond that is mutilated, lost, or destroyed. Added by Acts 1989, 71st Leg., ch. ... (a) College savings bonds issued by the board and the records relating to their issuance must be submitted to the attorney general for examination as ... College savings bonds issued under this subchapter may not be taxed by the state or any of its political subdivisions. Added by Acts 1989, 71st ... In this subchapter: (1) "Board" means the Texas Higher Education Coordinating Board. (2) "Bond" means a general obligation bond issued by the board under Article ... (a) The board may by resolution authorize the issuance of general obligation bonds in total aggregate amounts not to exceed: (1) $300 million under Section ... (a) Except as provided by this subchapter, the board by resolution may provide the terms and name of the bonds. (b) The bonds must be ... The resolution authorizing the issuance of the bonds may provide for the manner of execution and for the registration of ownership of the bonds. Added ... (a) The board shall coordinate the marketing and distribution of the bonds. (b) The board may use its staff to market and distribute the bonds ... (a) The attorney general shall examine the bonds and the records relating to the bonds' issuance. (b) If the attorney general finds that the bonds ... The performance of official duties prescribed by this subchapter and Article III, Sections 50b-3, 50b-4, and 50b-5 of the Texas Constitution, in reference to the ... The board may provide for the replacement of a bond that is mutilated, lost, or destroyed. Added by Acts 1991, 72nd Leg., 2nd C.S., ch. ... (a) A special fund to be known as the student loan auxiliary fund is created in the state treasury. (b) The fund consists of proceeds ... (a) The board: (1) shall make a loan from the fund to a student who qualifies for a loan under Subchapter C; and (2) may ... (a) The board shall deposit to the credit of the Texas B-On-time student loan account established under Section 56.463 any proceeds from the sale of ... Texas Lawyers
Last modified: August 10, 2007 |