The bonds shall be authorized by resolution adopted by a majority vote of a quorum of the board. Bonds authorized under this section shall be issued in accordance with Chapter 1201, Government Code. The bonds shall mature serially or otherwise in not to exceed 50 years. The rate of interest to be borne by the bonds shall not exceed the maximum rate prescribed by Chapter 1204, Government Code.
Tex. Educ. Code § 53B.35
ISSUANCE OF BONDS; PROCEDURE; ETC
Known as the Higher Education Loan Authority Act
The act spans §§ 53B.01 to 53B.48 (21 sections).
Added by Acts 2005, 79th Leg., Ch. 641 (H.B. 2701), Sec. 2, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.