Texas Constitution:Article III, Section 50-b-7 - Revision history

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

2024-06-17T15:54:49Z

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

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	{{DISPLAYTITLE:Article III, Section 50-b-7 of the Texas Constitution (''<small>"Continuing Authorization for Additional Bonds for Student Loans"</small>'')}}{{Texas Constitution\|text=Added November 8, 2011:		{{DISPLAYTITLE:Article III, Section 50-b-7 of the Texas Constitution (''<small>"Continuing Authorization for Additional Bonds for Student Loans"</small>'')}}{{Texas Constitution\|text=Added November 8, 2011:

	'''(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 for the purpose of financing educational loans to students in the manner provided by law. The principal amount of outstanding bonds issued under this section must at all times be equal to or less than the aggregate principal amount of state general obligation bonds previously authorized for that purpose by any other provision or former provision of this ~~constitution~~.'''		'''(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 for the purpose of financing educational loans to students in the manner provided by law. The principal amount of outstanding bonds issued under this section must at all times be equal to or less than the aggregate principal amount of state general obligation bonds previously authorized for that purpose by any other provision or former provision of this Constitution.'''

	'''(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) While any of the bonds issued under this section or interest on the bonds is outstanding and unpaid, 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 the bonds that mature or become due during the fiscal year, less any amount in an interest and sinking fund established under this section at the end of the preceding fiscal year that is pledged to the payment of the bonds or interest.'''		'''(e) While any of the bonds issued under this section or interest on the bonds is outstanding and unpaid, 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 the bonds that mature or become due during the fiscal year, less any amount in an interest and sinking fund established under this section 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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2024-06-02T19:43:32Z

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	\|seo_keywords=Article 3 Section 50-b-7, student loans, debt authorization		\|seo_keywords=Article 3 Section 50-b-7, 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 14:44, September 18, 2023

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	Note that the "aggregate principal amount of state general obligation bonds previously authorized" by Texas voters for the state's student loan program is $1.86 billion.		Note that the "aggregate principal amount of state general obligation bonds previously authorized" by Texas voters for the state's student loan program equals $1.86 billion.

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Admin at 21:50, August 10, 2023

2023-08-10T21:50:09Z

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	Note that the "aggregate principal amount of state general obligation bonds previously authorized" by voters for student ~~loans~~ is ...		Note that the "aggregate principal amount of state general obligation bonds previously authorized" by Texas voters for the state's student loan program is $1.86 billion.

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Admin at 21:47, August 10, 2023

2023-08-10T21:47:20Z

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	Note that the "aggregate principal amount of state general obligation bonds previously authorized for ~~that purpose by any other provision or former provision of this constitution"~~ is ...		Note that the "aggregate principal amount of state general obligation bonds previously authorized" by voters for student loans is ...

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Admin at 21:45, August 10, 2023

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	~~None~~.		Note that the "aggregate principal amount of state general obligation bonds previously authorized for that purpose by any other provision or former provision of this constitution" is ...

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Admin at 21:40, August 10, 2023

2023-08-10T21:40:14Z

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	\|seo_title=Article III, Section 50-b-7 of the Texas Constitution ("Continuing Authorization for Additional Bonds for Student Loans")		\|seo_title=Article III, Section 50-b-7 of the Texas Constitution ("Continuing Authorization for Additional Bonds for Student Loans")
	\|seo_keywords=Article 3 Section 50-b-7, ~~Texas Legislature~~, ~~...~~		\|seo_keywords=Article 3 Section 50-b-7, 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"

2023-08-07T21:25:02Z

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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) While any of the bonds issued under this section or interest on the bonds is outstanding and unpaid, 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 the bonds that mature or become due during the fiscal year, less any amount in an interest and sinking fund established under this section at the end of the preceding fiscal year that is pledged to the payment of the bonds or interest.'''		'''(e) While any of the bonds issued under this section or interest on the bonds is outstanding and unpaid, 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 the bonds that mature or become due during the fiscal year, less any amount in an interest and sinking fund established under this section 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 14:38, July 27, 2023

2023-07-27T14:38:07Z

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	{{DISPLAYTITLE:Article III, Section ~~50b~~-7 of the Texas Constitution (''<small>"Continuing Authorization for Additional Bonds for Student Loans"</small>'')}}{{Texas Constitution\|text=Added November 8, 2011:		{{DISPLAYTITLE:Article III, Section 50-b-7 of the Texas Constitution (''<small>"Continuing Authorization for Additional Bonds for Student Loans"</small>'')}}{{Texas Constitution\|text=Added November 8, 2011:

	'''(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 for the purpose of financing educational loans to students in the manner provided by law. The principal amount of outstanding bonds issued under this section must at all times be equal to or less than the aggregate principal amount of state general obligation bonds previously authorized for that purpose by any other provision or former provision of this constitution.'''		'''(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 for the purpose of financing educational loans to students in the manner provided by law. The principal amount of outstanding bonds issued under this section must at all times be equal to or less than the aggregate principal amount of state general obligation bonds previously authorized for that purpose by any other provision or former provision of this constitution.'''
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	\|seo_title=Article III, Section _ of the Texas Constitution (" ~~...~~ ")		\|seo_title=Article III, Section 50-b-7 of the Texas Constitution ("Continuing Authorization for Additional Bonds for Student Loans")
	\|seo_keywords=Article 3 Section _, Texas Legislature, ...		\|seo_keywords=Article 3 Section 50-b-7, 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-7 to Texas Constitution:Article III, Section 50-b-7 without leaving a redirect

2023-07-26T19:15:22Z

Admin moved page Texas Constitution:Article III, Section 50b-7 to Texas Constitution:Article III, Section 50-b-7 without leaving a redirect

← Older revision	Revision as of 14:15, July 26, 2023
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