Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 52.91 - Bonds for Former Texas B-On-Time Student Loan Program(a) The board shall deposit to the credit of the Texas B-On-time student loan account established under Section 56.0092 any proceeds from the sale of bonds issued by the board to fund Texas B-On-time student loans under Section 56.464(b), as that subsection existed immediately before September 1, 2015, other than accrued interest on the bonds, which shall be deposited to the credit of the interest and sinking fund related to the bonds.(b) Repealed by Acts 2015, 84th Leg., R.S., Ch. 1243 , Sec. 8(1), eff. September 1, 2015.(c) The board shall repay bonds described by Subsection (a) using proceeds from the bonds, legislative appropriations, and money collected by the board as repayment for Texas B-On-time student loans awarded by the board under Section 56.0092(c) for a semester or term occurring before the 2020 fall semester. The board may also repay the bonds by using tuition set aside under Section 56.465, as that section existed immediately before September 1, 2015, for a semester or term occurring before the 2015 fall semester. The board may not repay the bonds with money collected by the board as repayment for student loans awarded by the board under Subchapter C.Amended by Acts 2015, Texas Acts of the 84th Leg. - Regular Session, ch. 1243,Sec. 8, eff. 9/1/2015.Amended by Acts 2015, Texas Acts of the 84th Leg. - Regular Session, ch. 1243,Sec. 4, eff. 9/1/2015.Amended by Acts 2015, Texas Acts of the 84th Leg. - Regular Session, ch. 1243,Sec. 3, eff. 9/1/2015.Amended by Acts 2005, 79th Leg., Ch. 1181, Sec. 9, eff. 9/1/2005.Amended by Acts 2005, 79th Leg., Ch. 1230, Sec. 2, eff. 6/18/2005.Added by Acts 2003, 78th Leg., ch. 779, Sec. 4, eff. 6/20/2003.