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Texas Government Code - GOV'T § 1372.033. Priorities for Reservations Among Certain Issuers of Qualified Student Loan Bonds

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) In this section, “qualified nonprofit corporation” has the meaning assigned by Section 53B.02(11), Education Code.

(b) Only a qualified nonprofit corporation may apply for a student loan bond allocation.

(c) Repealed by Acts 2011, 82nd Leg. ch. 1304 (H.B. 2911), § 4.

(d) Each qualified nonprofit corporation that applies for a student loan bond allocation in compliance with all applicable application requirements for a program year is entitled to receive a student loan bond allocation prioritized in the order that the application was received by the board for that year.

(e) Repealed by Acts 2011, 82nd Leg. ch. 1304 (H.B. 2911), § 4.

(f) Repealed by Acts 2011, 82nd Leg. ch. 1304 (H.B. 2911), § 4.

(g) A qualified nonprofit corporation that receives a student loan bond allocation may not:

(1) transfer the allocation to another entity;  or

(2) loan to another entity, other than a qualified borrower, proceeds of bonds issued under the allocation.

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Cite this article: FindLaw.com - Texas Government Code - GOV'T § 1372.033. Priorities for Reservations Among Certain Issuers of Qualified Student Loan Bonds - last updated January 01, 2024 | https://codes.findlaw.com/tx/government-code/gov-t-sect-1372-033/

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