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Texas Constitution:Article III, Section 50-b-5: Difference between revisions
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Texas Constitution:Article III, Section 50-b-5 (view source)
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{{DISPLAYTITLE:Article III, Section 50-b-5 of the Texas Constitution (''<small>"Additional Student Loans"</small>'')}}{{Texas Constitution|text=Added November 2, 1999: | {{DISPLAYTITLE:Article III, Section 50-b-5 of the Texas Constitution (''<small>"Additional Student Loans"</small>'')}}{{Texas Constitution|text=Added 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 not to exceed $400 million to finance educational loans to students. The bonds are in addition to those bonds issued under Sections [[Texas Constitution:Article III, Section 50-b|50-b]], [[Texas Constitution:Article III, Section 50-b-1|50-b-1]], [[Texas Constitution:Article III, Section 50-b-2|50-b-2]], [[Texas Constitution:Article III, Section 50-b-3|50-b-3]], and [[Texas Constitution:Article III, Section 50-b-4|50-b-4]] 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 not to exceed $400 million to finance educational loans to students. The bonds are in addition to those bonds issued under Sections [[Texas Constitution:Article III, Section 50-b|50-b]], [[Texas Constitution:Article III, Section 50-b-1|50-b-1]], [[Texas Constitution:Article III, Section 50-b-2|50-b-2]], [[Texas Constitution:Article III, Section 50-b-3|50-b-3]], and [[Texas Constitution:Article III, Section 50-b-4|50-b-4]] of this Article.''' | ||
'''(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.''' | ||