Tex. Educ. Code § 52.03 · Subchapter A. ADMINISTRATION
BOARD INTEREST AND SINKING FUNDS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(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 sinking fund established under this section consists of deposits made by the board as provided by this chapter.
(c) A board interest and sinking fund established under this section may be used for any purpose related to the student loan program.
(d) The board by resolution may create and provide the terms of administration and use of one or more accounts in a board interest and sinking fund established under this section.
Notes and commentary — not statutory text
History
Added by Acts 1993, 73rd Leg., ch. 571, Sec. 4, eff. Aug. 30, 1993.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/ED/htm/ED.52.htm
- Text hash
- sha256 8f41551dc52ffe1dac8ece24e32fbeef5a58b21d24b6ff86d3f483ac0fe7dd3f
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Cited by 1 provision
Provisions in this library whose text cites Tex. Educ. Code § 52.03. Each shows the citation as that text prints it.
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