Sec. 52.01. ADMINISTRATION. The Texas Higher Education Coordinating Board, or its successors, shall administer the student loan program authorized by this chapter pursuant to Sections 50b-4, 50b-5, 50b-6, and 50b-7, Article III, Texas Constitution, and any former provision of the Texas Constitution authorizing bonds to finance educational loans to students. Personnel and other expenses required to properly administer this chapter shall be funded by:

(1) the general appropriations acts; or

(2) any other source of revenue received by the board in connection with the operation of the student loan program.

Acts 1971, 62nd Leg., p. 3072, ch. 1024, art. 1, Sec. 1, eff. Sept. 1, 1971. Amended by Acts 1993, 73rd Leg., ch. 571, Sec. 2, eff. Aug. 30, 1993; Acts 1995, 74th Leg., ch. 300, Sec. 1, eff. Nov. 7, 1995; Acts 1999, 76th Leg., ch. 144, Sec. 1, eff. Nov. 2, 1999.

Amended by:

Acts 2007, 80th Leg., R.S., Ch. 1334 (S.B. 1640), Sec. 1, eff. November 6, 2007;

Acts 2011, 82nd Leg., R.S., Ch. 1251 (S.B. 1799), Sec. 1, eff. May 24, 2011.