Tex. Gov't Code § 1372.033

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 1372.033 - Priorities for Reservations Among Certain Issuers of Qualified Student Loan Bonds

(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(c) Repealed by Acts 2011, 82nd Leg., R.S., Ch. 1304, Sec. 4, eff. June 17, 2011.

(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(e) Repealed by Acts 2011, 82nd Leg., R.S., Ch. 1304, Sec. 4, eff. June 17, 2011.

(f) Repealed by Acts 2011, 82nd Leg., R.S., Ch. 1304, Sec. 4, eff. June 17, 2011.

(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.

Tex. Gov't. Code § 1372.033

Amended by Acts 2019, Texas Acts of the 86th Leg.- Regular Session, ch. 992,Sec. 12, eff. 9/1/2019, op. for the allocation of the available state ceiling under this Chapter beginning with the 2020 program year.

Amended By Acts 2011, 82nd Leg., R.S., Ch. 1304, Sec. 3, eff. 6/17/2011.

Amended By Acts 2011, 82nd Leg., R.S., Ch. 1304, Sec. 4, eff. 6/17/2011.

Amended By Acts 2003, 78th Leg., ch. 1329, Sec. 11, eff. 9/1/2003.

Amended by Acts 2001, 77th Leg., ch. 1367, Sec. 10.08, eff. 9/1/2001

Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. 9/1/1999.