Texas Education Code Title 3, Chapter 52 - Student Loan Program
SUBCHAPTER A ADMINISTRATION
- Texas Section 52.01 - Administration
The Texas Higher Education Coordinating Board, or its successors, shall administer the student loan program authorized by this chapter pursuant to Sections 50b-4, 50b-5, 50b-6,...
- Texas Section 52.02 - Delegation Of Powers And Duties
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...
- Texas Section 52.03 - Board Interest And Sinking Funds
(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...
SUBCHAPTER B BONDS
- Texas Section 52.04 - Board Student Loan Funds
(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...
- Texas Section 52.11 - Issuance Of Bonds
(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...
- Texas Section 52.12 - Refunding Bonds
(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...
- Texas Section 52.13 - Bonds As Investments
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,...
- Texas Section 52.16 - Proceeds From Bond Sale
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...
- Texas Section 52.17 - Interest And Sinking Funds
(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...
- Texas Section 52.18 - Duties Of Comptroller
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...
- Texas Section 52.19 - Investment Of Funds
All money in the Texas college interest and sinking fund and in each board interest and sinking fund, including any reserve portion, and all money...
SUBCHAPTER C STUDENT LOANS
- Texas Section 52.20 - Student Loan Notes
(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...
- Texas Section 52.31 - Participating Institutions
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...
- Texas Section 52.32 - Qualifications For Loans
(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...
- Texas Section 52.321 - Standards Concerning Ability To Repay Certain Loans
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...
- Texas Section 52.33 - Amount Of Loan
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...
- Texas Section 52.34 - Payments To Student
(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...
- Texas Section 52.35 - Term Of Loans
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...
- Texas Section 52.36 - Loan Interest And Fees
(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...
- Texas Section 52.37 - Insurance
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...
- Texas Section 52.38 - Repayment Of Loans
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...
- Texas Section 52.39 - Default; Suit
When any person who has received or cosigned as a guarantor for a loan authorized by this chapter has failed or refused to make as...
- Texas Section 52.40 - Cancellation Of Certain Loan Repayments
(a) The board may cancel the repayment of a loan received by a student who earns a doctorate of psychology degree and who, prior to...
SUBCHAPTER D GENERAL PROVISIONS
- Texas Section 52.41 - Restriction On Issuance Of Certain Federally Insured Student Loans
(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...
- Texas Section 52.501 - Definitions
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...
- Texas Section 52.51 - Advisory Committees
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...
- Texas Section 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...
- Texas Section 52.521 - Filing Of Claims On Loans In Default
(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...
- Texas Section 52.53 - Gifts And Grants
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...
- Texas Section 52.54 - Rules And Regulations
(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...
- Texas Section 52.541 - Accounts For Loan Programs
(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...
SUBCHAPTER E COLLEGE SAVINGS BONDS
- Texas Section 52.55 - Audit
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....
- Texas Section 52.61 - Definitions
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....
- Texas Section 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)...
- Texas Section 52.63 - Public Purpose
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...
- Texas Section 52.64 - Administration Of Savings Bonds Program; Rules
(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...
- Texas Section 52.65 - Effect On Other Financial Aid
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...
- Texas Section 52.66 - Authority To Issue
(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,...
- Texas Section 52.67 - Security Of Savings Bonds; General Obligation
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...
- Texas Section 52.68 - Terms
(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...
- Texas Section 52.69 - Determination Of Aggregate Principal Amount Of Bonds
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...
- Texas Section 52.70 - Marketing And Distribution Of Bonds
(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...
- Texas Section 52.71 - Mandamus
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...
- Texas Section 52.72 - Replacement Of Bond
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....
- Texas Section 52.73 - Approval And Registration
(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...
SUBCHAPTER F ADDITIONAL BONDS
- Texas Section 52.74 - Exemption From Taxation
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...
- Texas Section 52.81 - Definitions
In this subchapter: (1) "Board" means the Texas Higher Education Coordinating Board. (2) "Bond" means a general obligation bond issued by the board under former...
- Texas Section 52.82 - Issuance; Sale
(a) The board may by resolution authorize the issuance of general obligation bonds. The principal amount of outstanding bonds issued under this section must at...
- Texas Section 52.83 - Terms
(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...
- Texas Section 52.84 - Execution; Registration
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...
- Texas Section 52.85 - Marketing; Distribution
(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...
- Texas Section 52.86 - Approval And Registration
(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...
- Texas Section 52.87 - Mandamus
The performance of official duties prescribed by this subchapter and by former Section 50b-3 and Sections 50b-4, 50b-5, 50b-6, and 50b-7, Article III, Texas Constitution,...
- Texas Section 52.88 - Replacement Of Bond
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....
- Texas Section 52.89 - Fund
(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...
- Texas Section 52.90 - Loans From Fund
(a) The board shall make a loan from the fund to a student who qualifies for a loan under Subchapter C. (b) Loans from the...
- Texas Section 52.91 - Bonds For Former Texas B-on-time Student Loan Program
Sec. 52.91. BONDS FOR FORMER TEXAS B-ON-TIME STUDENT LOAN PROGRAM. (a) The board shall deposit to the credit of the Texas B-On-time student loan account...
Last modified: September 28, 2016