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Revenue Object 3516 – Interest on College Student Loans

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Legal Citations:

Texas Constitution art. III sec. 50b-4, art. III sec. 50b-5, art. III sec. 50b-6, art. III sec. 50b-7
Education Code sec. 52.11, sec. 52.89

Revenue Type: Cash — Education

Origin Date: November 2, 1965

Issue Date:

Revised Date:

Description

Interest on college student loans as determined by the Texas Higher Education Coordinating Board.

Due Date

Payments begin on monthly basis four months after date of last enrollment.

Collecting Agencies

781 – Texas Higher Education Coordinating Board

Deposit Funds

Notes

Amount needed in Texas Opportunity Plan Fund (No. 0387) to retire bonds transferred to Texas College Student Loan Bonds Interest and Sinking Fund (No. 0388) (revenue code 3970).

USAS Values

Appropriation Year	26
USAS Title	INTEREST-COLLEGE STUDENT LOANS
Receipt Category	11 – Education
Receipt Type	70 – Interest and Dividends
Object Group	30 – Revenues
USAS Status	A
Rev/Exp Category	02 – INTEREST AND INVESTMENT INCOME

Accessibility Policy

State of Texas – Fiscal Management