Texas Government Code Title 9, Chapter 1233 - College Opportunity Act

SUBCHAPTER A GENERAL PROVISIONS

• Texas Section 1233.001 - Short Title
  This chapter may be cited as the College Opportunity Act. Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
• Texas Section 1233.002 - Definitions
  In this chapter: (1) "Board" means the Bond Review Board. (2) "Committee" means the College Opportunity Act committee. (3) "College savings bond" means a general...

SUBCHAPTER B ADMINISTRATIVE PROVISIONS

• Texas Section 1233.003 - Effect On Other Law
  To the extent of any conflict between this chapter and other law in regard to college savings bonds, this chapter controls. Added by Acts 1999,...
• Texas Section 1233.051 - College Opportunity Act Committee
  (a) The College Opportunity Act committee consists of: (1) the following ex officio members: (A) the commissioner of the General Land Office; (B) the commissioner...
• Texas Section 1233.052 - Presiding Officer; Procedures
  (a) The committee shall designate a member of the committee to serve as presiding officer. (b) The committee shall establish procedures for the conduct of...

SUBCHAPTER C BENEFITS OF COLLEGE OPPORTUNITY BONDS

• Texas Section 1233.053 - Deputies
  An ex officio member of the committee may appoint a deputy to serve as a voting member of the committee in the member's absence. Added...
• Texas Section 1233.101 - Financial Incentives And Bonuses
  (a) The committee may authorize financial incentives for a holder of a college savings bond to encourage the enrollment of students at postsecondary educational institutions....

SUBCHAPTER D ELIGIBILITY REQUIREMENTS AND PROCEDURES FOR DESIGNATION AS COLLEGE SAVINGS BOND

• Texas Section 1233.102 - Effect On Other Financial Aid
  In determining a student's eligibility for monetary assistance, including a scholarship or grant, awarded by a state agency or the amount of financial assistance to...
• Texas Section 1233.151 - Bonds Eligible For Designation As College Savings Bonds
  All or part of the following bonds are eligible to be designated as college savings bonds: (1) veterans' land and housing bonds authorized under Sections...
• Texas Section 1233.152 - Application For Designation
  To have a bond designated as a college savings bond, the issuer must: (1) apply for approval in the manner prescribed by the committee; and...
• Texas Section 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...
• Texas Section 1233.154 - Consideration By Board; Designation
  (a) The board shall consider the application and other information submitted by an issuer and shall approve the designation of part or all of the...
• Texas Section 1233.155 - Consideration And Designation Of Additional Bonds
  (a) A state agency, including a state agency listed under Section 1233.151, that issues general obligation bonds not specified by that section may apply to...

SUBCHAPTER E ISSUANCE, SALE, AND MARKETING

• Texas Section 1233.156 - Approval By Attorney General
  The attorney general may not approve the issuance as a college savings bond of a bond that requires the attorney general's approval before issuance unless...
• Texas Section 1233.201 - Type And Denomination Of Bond
  A college savings bond: (1) must be a: (A) zero coupon bond; (B) capital appreciation bond; (C) compound interest bond; (D) municipal multiplier bond; (E)...
• Texas Section 1233.202 - Redemption Price
  A college savings bond may not be callable before maturity at a price less than its stated value at maturity except: (1) under a mandatory...
• Texas Section 1233.203 - Aggregate Principal Amount
  For the purpose of determining the amount of bonds that an issuer may issue under the Texas Constitution and designate as college savings bonds under...
• Texas Section 1233.204 - Private Or Negotiated Sale
  (a) A series of bonds that includes college savings bonds may be sold at a private or negotiated sale if the committee determines that a...
• Texas Section 1233.205 - Marketing And Distribution
  (a) The committee shall coordinate the marketing and distribution of college savings bonds. (b) The committee may delegate to the board responsibility for disseminating information...
• Texas Section 1233.206 - Use Of Phrase "College Savings Bond" Restricted
  A public legal entity, including a state agency or a municipality or other political subdivision, may not, unless the board has designated a bond or...

Last modified: September 28, 2016