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Revenue Object 3517 – Repayment of 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. 52.17, sec. 52.38, sec. 52.90

Revenue Type: Cash — Education

Origin Date: November 2, 1965

Issue Date:

Revised Date: 2017-12-21

Description

Receipts from the repayment of college student loans as stated in the student loan contract.

Due Date

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

Collecting Agencies

Deposit Funds

Amount needed to retire bonds transferred to Texas College Student Loan Bonds Interest and Sinking Fund (No. 0388) (R/C 3972)

Notes

Future Teachers Loans added by H.B.72, 68th Leg., 2nd C.S.

Previously deposited to the Future Teacher Loan Fund (0532), abolished August 31, 1995 per § 403.094, Government Code. deposit changed to General Revenue.

USAS Values

Appropriation Year	26
USAS Title	REPAY-COLLEGE STUDENT LOANS
Receipt Category	11 – Education
Receipt Type	90 – Other Receipts
Object Group	12 – Loans - Revenue Objects
USAS Status	A
Rev/Exp Category	05 – OTHER REVENUE

Accessibility Policy

State of Texas – Fiscal Management