(a) A special fund to be known as the student loan auxiliary fund is created in the
(b) The fund consists of proceeds from the sale of the bonds deposited in accordance
with this section, gifts or grants made to the board for purposes of the fund, and
deposits made as authorized by this chapter.
(c) The board shall deposit to the credit of the fund any proceeds from the sale of
(1) any accrued interest on the bonds which shall be deposited in the board interest
and sinking fund relating to the bonds; and
(2) proceeds from the sale of bonds issued by the board under Section 56.464(b), as that subsection existed immediately before September 1, 2015.
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