The Texas Higher Education Coordinating Board or its successor or successors, hereafter referred to as the board, shall administer the student loan program authorized by the Hinson-Hazlewood College Student Loan Act pursuant to Texas Constitution, Article III, §50b. Such personnel and other expenses as may be required to properly administer this program are to be provided in the biennial appropriation acts.
19 Tex. Admin. Code § 22.84