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Texas Constitution:Article III, Section 50-b-4: Difference between revisions
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Texas Constitution:Article III, Section 50-b-4 (view source)
Revision as of 14:36, June 6, 2024
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{{DISPLAYTITLE:Article III, Section 50-b-4 of the Texas Constitution (''<small>"Additional Student Loans"</small>'')}}{{Texas Constitution|text=As amended November 2, 1999: | {{DISPLAYTITLE:Article III, Section 50-b-4 of the Texas Constitution (''<small>"Additional Student Loans"</small>'')}}{{Texas Constitution|text=As amended November 2, 1999: | ||
'''(a) The Legislature by general law may authorize the Texas Higher Education Coordinating Board or its successor or successors to issue and sell general obligation bonds of the State of Texas in an amount authorized by constitutional amendment or by a debt proposition under Section [[Texas Constitution:Article III, Section 49|49]] of this | '''(a) The Legislature by general law may authorize the Texas Higher Education Coordinating Board or its successor or successors to issue and sell general obligation bonds of the State of Texas in an amount authorized by constitutional amendment or by a debt proposition under Section [[Texas Constitution:Article III, Section 49|49]] of this Article to finance educational loans to students who have been admitted to attend an institution of higher education within the State of Texas, public or private, which is recognized or accredited under terms and conditions prescribed by the Legislature.''' | ||
'''(b) The bonds shall be executed in the form, on the terms, and in the denominations, bear interest, and be issued in installments as prescribed by the Texas Higher Education Coordinating Board or its successor or successors.''' | '''(b) The bonds shall be executed in the form, on the terms, and in the denominations, bear interest, and be issued in installments as prescribed by the Texas Higher Education Coordinating Board or its successor or successors.''' | ||