Texas § ED.52.89 - FUND
Full text of Texas The Texas Constitution § ED.52.89 — FUND, with citation guidance and answers to common questions.
§ ED.52.89. FUND
FUND. (a) A special fund to be known as the student loan auxiliary fund is created in the state treasury. (b) The fund consists of proceeds from the sale of the bonds deposited in accordance with this section, gifts or grants made to the board for purposes of the fund, and deposits made as authorized by this chapter. (c) The board shall deposit to the credit of the fund any proceeds from the sale of bonds, excluding: (1) any accrued interest on the bonds which shall be deposited in the board interest and sinking fund relating to the bonds; and (2) proceeds from the sale of bonds issued by the board under Section 56.464(b), as that subsection existed immediately before September 1, 2015. (c-1) Repealed by Acts 2015, 84th Leg., R.S., Ch. 1243 , Sec. 8(1), eff. September 1, 2015. (d) The board by resolution may create and provide the terms of the administration and use of an interest and sinking account or other accounts in the fund. Added by Acts 1991, 72nd Leg., 2nd C.S., ch. 5,
Frequently Asked Questions About Texas § ED.52.89
What does The Texas Constitution § ED.52.89 cover?
Section ED.52.89 ("FUND") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § ED.52.89?
A common citation format is "The Texas Constitution § ED.52.89" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § ED.52.89 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.