Texas Constitution:Article III, Section 50-b-6 - Revision history

Admin: Text replacement - "this constitution" to "this Constitution"

2024-06-17T15:53:09Z

Text replacement - "this constitution" to "this Constitution"

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	{{DISPLAYTITLE:Article III, Section 50-b-6 of the Texas Constitution (''<small>"Additional Student Loans"</small>'')}}{{Texas Constitution\|text=Added November 6, 2007:		{{DISPLAYTITLE:Article III, Section 50-b-6 of the Texas Constitution (''<small>"Additional Student Loans"</small>'')}}{{Texas Constitution\|text=Added November 6, 2007:

	'''(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 $500 million in order to finance educational loans to students in the manner provided by law. The bonds are in addition to bonds issued under Sections [[Texas Constitution:Article III, Section 50-b-4\|50-b-4]] and [[Texas Constitution:Article III, Section 50-b-5\|50-b-5]] of this Article and under any other provision or former provision of this ~~constitution~~ authorizing similar bonds.'''		'''(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 $500 million in order to finance educational loans to students in the manner provided by law. The bonds are in addition to bonds issued under Sections [[Texas Constitution:Article III, Section 50-b-4\|50-b-4]] and [[Texas Constitution:Article III, Section 50-b-5\|50-b-5]] of this Article and under any other provision or former provision of this Constitution authorizing similar bonds.'''

	'''(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.'''
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	'''(d) The Legislature may provide for the investment of bond proceeds and may establish and provide for the investment of an interest and sinking fund to pay the bonds. Income from the investment shall be used for the purposes prescribed by the Legislature.'''		'''(d) The Legislature may provide for the investment of bond proceeds and may establish and provide for the investment of an interest and sinking fund to pay the bonds. Income from the investment shall be used for the purposes prescribed by the Legislature.'''

	'''(e) Notwithstanding any other provision of this Article, there is appropriated out of the first money coming into the Treasury in each fiscal year, not otherwise appropriated by this ~~constitution~~, the amount sufficient to pay the principal of and interest on any bonds issued under this section, under Sections [[Texas Constitution:Article III, Section 50-b-4\|50-b-4]] and [[Texas Constitution:Article III, Section 50-b-5\|50-b-5]] of this Article, and under any other provision or former provision of this Article authorizing similar bonds that mature or become due during the fiscal year, less any amount remaining in an interest and sinking fund established under this section, Section [[Texas Constitution:Article III, Section 50-b-4\|50-b-4]] or [[Texas Constitution:Article III, Section 50-b-5\|50-b-5]] of this Article, or any other provision or former provision of this Article authorizing similar bonds at the end of the preceding fiscal year that is pledged to the payment of the bonds or interest.'''		'''(e) Notwithstanding any other provision of this Article, there is appropriated out of the first money coming into the Treasury in each fiscal year, not otherwise appropriated by this Constitution, the amount sufficient to pay the principal of and interest on any bonds issued under this section, under Sections [[Texas Constitution:Article III, Section 50-b-4\|50-b-4]] and [[Texas Constitution:Article III, Section 50-b-5\|50-b-5]] of this Article, and under any other provision or former provision of this Article authorizing similar bonds that mature or become due during the fiscal year, less any amount remaining in an interest and sinking fund established under this section, Section [[Texas Constitution:Article III, Section 50-b-4\|50-b-4]] or [[Texas Constitution:Article III, Section 50-b-5\|50-b-5]] of this Article, or any other provision or former provision of this Article authorizing similar bonds at the end of the preceding fiscal year that is pledged to the payment of the bonds or interest.'''

	'''(f) Bonds issued under this section, after approval by the Attorney General, registration by the Comptroller of Public Accounts, and delivery to the purchasers, are incontestable.'''		'''(f) Bonds issued under this section, after approval by the Attorney General, registration by the Comptroller of Public Accounts, and delivery to the purchasers, are incontestable.'''

Admin at 19:42, June 6, 2024

2024-06-06T19:42:43Z

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	{{DISPLAYTITLE:Article III, Section 50-b-6 of the Texas Constitution (''<small>"Additional Student Loans"</small>'')}}{{Texas Constitution\|text=Added November 6, 2007:		{{DISPLAYTITLE:Article III, Section 50-b-6 of the Texas Constitution (''<small>"Additional Student Loans"</small>'')}}{{Texas Constitution\|text=Added November 6, 2007:

	'''(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 $500 million in order to finance educational loans to students in the manner provided by law. The bonds are in addition to bonds issued under Sections [[Texas Constitution:Article III, Section 50-b-4\|50-b-4]] and [[Texas Constitution:Article III, Section 50-b-5\|50-b-5]] of this ~~article~~ and under any other provision or former provision of this constitution authorizing similar bonds.'''		'''(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 $500 million in order to finance educational loans to students in the manner provided by law. The bonds are in addition to bonds issued under Sections [[Texas Constitution:Article III, Section 50-b-4\|50-b-4]] and [[Texas Constitution:Article III, Section 50-b-5\|50-b-5]] of this Article and under any other provision or former provision of this constitution authorizing similar bonds.'''

	'''(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.'''
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	'''(d) The Legislature may provide for the investment of bond proceeds and may establish and provide for the investment of an interest and sinking fund to pay the bonds. Income from the investment shall be used for the purposes prescribed by the Legislature.'''		'''(d) The Legislature may provide for the investment of bond proceeds and may establish and provide for the investment of an interest and sinking fund to pay the bonds. Income from the investment shall be used for the purposes prescribed by the Legislature.'''

	'''(e) Notwithstanding any other provision of this ~~article~~, there is appropriated out of the first money coming into the Treasury in each fiscal year, not otherwise appropriated by this constitution, the amount sufficient to pay the principal of and interest on any bonds issued under this section, under Sections [[Texas Constitution:Article III, Section 50-b-4\|50-b-4]] and [[Texas Constitution:Article III, Section 50-b-5\|50-b-5]] of this ~~article~~, and under any other provision or former provision of this ~~article~~ authorizing similar bonds that mature or become due during the fiscal year, less any amount remaining in an interest and sinking fund established under this section, Section [[Texas Constitution:Article III, Section 50-b-4\|50-b-4]] or [[Texas Constitution:Article III, Section 50-b-5\|50-b-5]] of this ~~article~~, or any other provision or former provision of this ~~article~~ authorizing similar bonds at the end of the preceding fiscal year that is pledged to the payment of the bonds or interest.'''		'''(e) Notwithstanding any other provision of this Article, there is appropriated out of the first money coming into the Treasury in each fiscal year, not otherwise appropriated by this constitution, the amount sufficient to pay the principal of and interest on any bonds issued under this section, under Sections [[Texas Constitution:Article III, Section 50-b-4\|50-b-4]] and [[Texas Constitution:Article III, Section 50-b-5\|50-b-5]] of this Article, and under any other provision or former provision of this Article authorizing similar bonds that mature or become due during the fiscal year, less any amount remaining in an interest and sinking fund established under this section, Section [[Texas Constitution:Article III, Section 50-b-4\|50-b-4]] or [[Texas Constitution:Article III, Section 50-b-5\|50-b-5]] of this Article, or any other provision or former provision of this Article authorizing similar bonds at the end of the preceding fiscal year that is pledged to the payment of the bonds or interest.'''

	'''(f) Bonds issued under this section, after approval by the Attorney General, registration by the Comptroller of Public Accounts, and delivery to the purchasers, are incontestable.'''		'''(f) Bonds issued under this section, after approval by the Attorney General, registration by the Comptroller of Public Accounts, and delivery to the purchasers, are incontestable.'''

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2024-06-02T19:46:03Z

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	\|seo_keywords=Article 3 Section 50-b-6, student loans, debt authorization		\|seo_keywords=Article 3 Section 50-b-6, student loans, debt authorization
	\|seo_description=The Legislature may authorize the Texas Higher Education Coordinating Board to sell bonds for student loans.		\|seo_description=The Legislature may authorize the Texas Higher Education Coordinating Board to sell bonds for student loans.
	\|seo_image=~~Texas_Constitution_of_1876_Article_3~~.jpg		\|seo_image=mod_Texas_Constitution_of_1876_Article_3.jpg
	\|seo_image_alt=Article III: Legislative Department		\|seo_image_alt=Article III: Legislative Department

Admin at 21:00, August 10, 2023

2023-08-10T21:00:57Z

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	\|seo_title=Article III, Section 50-b-6 of the Texas Constitution ("Additional Student Loans")		\|seo_title=Article III, Section 50-b-6 of the Texas Constitution ("Additional Student Loans")
	\|seo_keywords=Article 3 Section 50-b-6, ~~Texas Legislature~~, ~~...~~		\|seo_keywords=Article 3 Section 50-b-6, student loans, debt authorization
	\|seo_description=The ~~legislative power of~~ Texas ~~is vested in a Senate and House of Representatives~~.		\|seo_description=The Legislature may authorize the Texas Higher Education Coordinating Board to sell bonds for student loans.
	\|seo_image=Texas_Constitution_of_1876_Article_3.jpg		\|seo_image=Texas_Constitution_of_1876_Article_3.jpg
	\|seo_image_alt=Article III: Legislative Department		\|seo_image_alt=Article III: Legislative Department

Admin: Text replacement - "the treasury" to "the Treasury"

2023-08-07T21:23:26Z

Text replacement - "the treasury" to "the Treasury"

← Older revision		Revision as of 16:23, August 7, 2023
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	'''(d) The Legislature may provide for the investment of bond proceeds and may establish and provide for the investment of an interest and sinking fund to pay the bonds. Income from the investment shall be used for the purposes prescribed by the Legislature.'''		'''(d) The Legislature may provide for the investment of bond proceeds and may establish and provide for the investment of an interest and sinking fund to pay the bonds. Income from the investment shall be used for the purposes prescribed by the Legislature.'''

	'''(e) Notwithstanding any other provision of this article, there is appropriated out of the first money coming into the ~~treasury~~ in each fiscal year, not otherwise appropriated by this constitution, the amount sufficient to pay the principal of and interest on any bonds issued under this section, under Sections [[Texas Constitution:Article III, Section 50-b-4\|50-b-4]] and [[Texas Constitution:Article III, Section 50-b-5\|50-b-5]] of this article, and under any other provision or former provision of this article authorizing similar bonds that mature or become due during the fiscal year, less any amount remaining in an interest and sinking fund established under this section, Section [[Texas Constitution:Article III, Section 50-b-4\|50-b-4]] or [[Texas Constitution:Article III, Section 50-b-5\|50-b-5]] of this article, or any other provision or former provision of this article authorizing similar bonds at the end of the preceding fiscal year that is pledged to the payment of the bonds or interest.'''		'''(e) Notwithstanding any other provision of this article, there is appropriated out of the first money coming into the Treasury in each fiscal year, not otherwise appropriated by this constitution, the amount sufficient to pay the principal of and interest on any bonds issued under this section, under Sections [[Texas Constitution:Article III, Section 50-b-4\|50-b-4]] and [[Texas Constitution:Article III, Section 50-b-5\|50-b-5]] of this article, and under any other provision or former provision of this article authorizing similar bonds that mature or become due during the fiscal year, less any amount remaining in an interest and sinking fund established under this section, Section [[Texas Constitution:Article III, Section 50-b-4\|50-b-4]] or [[Texas Constitution:Article III, Section 50-b-5\|50-b-5]] of this article, or any other provision or former provision of this article authorizing similar bonds at the end of the preceding fiscal year that is pledged to the payment of the bonds or interest.'''

	'''(f) Bonds issued under this section, after approval by the Attorney General, registration by the Comptroller of Public Accounts, and delivery to the purchasers, are incontestable.'''		'''(f) Bonds issued under this section, after approval by the Attorney General, registration by the Comptroller of Public Accounts, and delivery to the purchasers, are incontestable.'''

Admin at 14:15, July 27, 2023

2023-07-27T14:15:47Z

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	{{DISPLAYTITLE:Article III, Section ~~50b~~-6 of the Texas Constitution (''<small>"Additional Student Loans"</small>'')}}{{Texas Constitution\|text=Added November 6, 2007:		{{DISPLAYTITLE:Article III, Section 50-b-6 of the Texas Constitution (''<small>"Additional Student Loans"</small>'')}}{{Texas Constitution\|text=Added November 6, 2007:

	'''(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 $500 million in order to finance educational loans to students in the manner provided by law. The bonds are in addition to bonds issued under Sections [[Texas Constitution:Article III, Section ~~50b~~-4\|~~50b~~-4]] and [[Texas Constitution:Article III, Section ~~50b~~-5\|~~50b~~-5]] of this article and under any other provision or former provision of this constitution authorizing similar bonds.'''		'''(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 $500 million in order to finance educational loans to students in the manner provided by law. The bonds are in addition to bonds issued under Sections [[Texas Constitution:Article III, Section 50-b-4\|50-b-4]] and [[Texas Constitution:Article III, Section 50-b-5\|50-b-5]] of this article and under any other provision or former provision of this constitution authorizing similar bonds.'''

	'''(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.'''
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	'''(d) The Legislature may provide for the investment of bond proceeds and may establish and provide for the investment of an interest and sinking fund to pay the bonds. Income from the investment shall be used for the purposes prescribed by the Legislature.'''		'''(d) The Legislature may provide for the investment of bond proceeds and may establish and provide for the investment of an interest and sinking fund to pay the bonds. Income from the investment shall be used for the purposes prescribed by the Legislature.'''

	'''(e) Notwithstanding any other provision of this article, there is appropriated out of the first money coming into the treasury in each fiscal year, not otherwise appropriated by this constitution, the amount sufficient to pay the principal of and interest on any bonds issued under this section, under Sections [[Texas Constitution:Article III, Section ~~50b~~-4\|~~50b~~-4]] and [[Texas Constitution:Article III, Section ~~50b~~-5\|~~50b~~-5]] of this article, and under any other provision or former provision of this article authorizing similar bonds that mature or become due during the fiscal year, less any amount remaining in an interest and sinking fund established under this section, Section [[Texas Constitution:Article III, Section ~~50b~~-4\|~~50b~~-4]] or [[Texas Constitution:Article III, Section ~~50b~~-5\|~~50b~~-5]] of this article, or any other provision or former provision of this article authorizing similar bonds at the end of the preceding fiscal year that is pledged to the payment of the bonds or interest.'''		'''(e) Notwithstanding any other provision of this article, there is appropriated out of the first money coming into the treasury in each fiscal year, not otherwise appropriated by this constitution, the amount sufficient to pay the principal of and interest on any bonds issued under this section, under Sections [[Texas Constitution:Article III, Section 50-b-4\|50-b-4]] and [[Texas Constitution:Article III, Section 50-b-5\|50-b-5]] of this article, and under any other provision or former provision of this article authorizing similar bonds that mature or become due during the fiscal year, less any amount remaining in an interest and sinking fund established under this section, Section [[Texas Constitution:Article III, Section 50-b-4\|50-b-4]] or [[Texas Constitution:Article III, Section 50-b-5\|50-b-5]] of this article, or any other provision or former provision of this article authorizing similar bonds at the end of the preceding fiscal year that is pledged to the payment of the bonds or interest.'''

	'''(f) Bonds issued under this section, after approval by the Attorney General, registration by the Comptroller of Public Accounts, and delivery to the purchasers, are incontestable.'''		'''(f) Bonds issued under this section, after approval by the Attorney General, registration by the Comptroller of Public Accounts, and delivery to the purchasers, are incontestable.'''

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	\|seo_title=Article III, Section _ of the Texas Constitution (" ~~...~~ ")		\|seo_title=Article III, Section 50-b-6 of the Texas Constitution ("Additional Student Loans")
	\|seo_keywords=Article 3 Section _, Texas Legislature, ...		\|seo_keywords=Article 3 Section 50-b-6, Texas Legislature, ...
	\|seo_description=The legislative power of Texas is vested in a Senate and House of Representatives.		\|seo_description=The legislative power of Texas is vested in a Senate and House of Representatives.
	\|seo_image=Texas_Constitution_of_1876_Article_3.jpg		\|seo_image=Texas_Constitution_of_1876_Article_3.jpg

Admin: Admin moved page Texas Constitution:Article III, Section 50b-6 to Texas Constitution:Article III, Section 50-b-6 without leaving a redirect: new format

2023-07-26T19:14:09Z

Admin moved page Texas Constitution:Article III, Section 50b-6 to Texas Constitution:Article III, Section 50-b-6 without leaving a redirect: new format

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Admin: Text replacement - "}}↵↵Category:TxCon ArtIII Sec" to "|seo_title=Article III, Section _ of the Texas Constitution (" ... ") |seo_keywords=Article 3 Section _, Texas Legislature, ... |seo_description=The legislative power of Texas is vested in a Senate and House of Representatives. |seo_image=Texas_Constitution_of_1876_Article_3.jpg |seo_image_alt=Article III: Legislative Department }} Category:TxCon ArtIII Sec"

2023-07-24T22:20:20Z

Text replacement - "}}↵↵Category:TxCon ArtIII Sec" to "|seo_title=Article III, Section _ of the Texas Constitution (" ... ") |seo_keywords=Article 3 Section _, Texas Legislature, ... |seo_description=The legislative power of Texas is vested in a Senate and House of Representatives. |seo_image=Texas_Constitution_of_1876_Article_3.jpg |seo_image_alt=Article III: Legislative Department }} Category:TxCon ArtIII Sec"

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			\|seo_title=Article III, Section _ of the Texas Constitution (" ... ")
			\|seo_keywords=Article 3 Section _, Texas Legislature, ...
			\|seo_description=The legislative power of Texas is vested in a Senate and House of Representatives.
			\|seo_image=Texas_Constitution_of_1876_Article_3.jpg
			\|seo_image_alt=Article III: Legislative Department

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	[[Category:TxCon ArtIII Sec]]		[[Category:TxCon ArtIII Sec]]

imported>Admin at 23:12, January 4, 2023

2023-01-04T23:12:30Z

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{{DISPLAYTITLE:Article III, Section 50b-6 of the Texas Constitution (''<small>"Additional Student Loans"</small>'')}}{{Texas Constitution|text=Added November 6, 2007:

'''(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 $500 million in order to finance educational loans to students in the manner provided by law. The bonds are in addition to bonds issued under Sections [[Texas Constitution:Article III, Section 50b-4|50b-4]] and [[Texas Constitution:Article III, Section 50b-5|50b-5]] of this article and under any other provision or former provision of this constitution authorizing similar bonds.'''

'''(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.'''

'''(c) The maximum net effective interest rate to be borne by bonds issued under this section may not exceed the maximum rate provided by law.'''

'''(d) The Legislature may provide for the investment of bond proceeds and may establish and provide for the investment of an interest and sinking fund to pay the bonds. Income from the investment shall be used for the purposes prescribed by the Legislature.'''

'''(e) Notwithstanding any other provision of this article, there is appropriated out of the first money coming into the treasury in each fiscal year, not otherwise appropriated by this constitution, the amount sufficient to pay the principal of and interest on any bonds issued under this section, under Sections [[Texas Constitution:Article III, Section 50b-4|50b-4]] and [[Texas Constitution:Article III, Section 50b-5|50b-5]] of this article, and under any other provision or former provision of this article authorizing similar bonds that mature or become due during the fiscal year, less any amount remaining in an interest and sinking fund established under this section, Section [[Texas Constitution:Article III, Section 50b-4|50b-4]] or [[Texas Constitution:Article III, Section 50b-5|50b-5]] of this article, or any other provision or former provision of this article authorizing similar bonds at the end of the preceding fiscal year that is pledged to the payment of the bonds or interest.'''

'''(f) Bonds issued under this section, after approval by the Attorney General, registration by the Comptroller of Public Accounts, and delivery to the purchasers, are incontestable.'''

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[[Category:TxCon ArtIII Sec]]