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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
Object Type
Cash — Education
Origin Date
November 2, 1965
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
Deposit Funds
Note
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 | 25 |
|---|---|
| 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 |