Sec. 56.134. PROCEEDS. (a) The board shall deposit the proceeds from the sale of the bonds issued under this subchapter in the fund.
(b) The board may use the proceeds from the sale of the bonds to pay the costs of issuing, marketing, or distributing the bonds.
Added by Acts 1991, 72nd Leg., ch. 330, Sec. 1, eff. June 5, 1991.
Structure Texas Statutes
Subtitle A - Higher Education in General
Chapter 56 - Student Financial Assistance
Subchapter H. Student Loan Revenue Bond Program
Section 56.124. Administration
Section 56.125. Loans From Fund
Section 56.127. Refunding Bonds
Section 56.128. Amount of Bonds
Section 56.131. Execution of Bonds
Section 56.132. Approval and Registration of Bonds