Sec. 52.20. STUDENT LOAN NOTES. (a) Promissory notes evidencing student loans made by the board with proceeds from bonds may be deposited and held in any fund as directed by the board resolution that authorized the issuance of the bonds.
(b) The board may pledge and grant a security interest in all or any portion of those promissory notes to any person to further secure the payment of principal and interest on bonds issued under this chapter or of obligations under any contracts entered into by the board relating to the issuance of a series of bonds.
Added by Acts 1993, 73rd Leg., ch. 571, Sec. 9, eff. Aug. 30, 1993.
Structure Texas Statutes
Subtitle A - Higher Education in General
Chapter 52 - Student Loan Program
Section 52.11. Issuance of Bonds
Section 52.12. Refunding Bonds
Section 52.13. Bonds as Investments
Section 52.16. Proceeds From Bond Sale
Section 52.17. Interest and Sinking Funds
Section 52.18. Duties of Comptroller