Sec. 1233.153. COMMITTEE REVIEW AND DETERMINATION. (a) The committee shall examine an application and other information submitted by an issuer under Section 1233.152.
(b) The committee shall recommend to the board that all or part of the bonds be approved for designation as college savings bonds if the committee determines that the designation:
(1) is advisable; and
(2) is of economic benefit to the bondholders and to this state.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
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