Texas Statutes
§ 52.83 — TERMS.
Texas § 52.83
JurisdictionTexas
Code EDEducation Code
This text of Texas § 52.83 (TERMS.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Tex. Education Code Code Ann. § 52.83 (2026).
Text
Sec. 52.83. TERMS.
(a)Except as provided by this subchapter, the board by resolution may provide the terms and name of the bonds.
(b)The bonds must be dated and bear interest at a rate or rates prescribed by the board in accordance with the resolution for the issuance of the bonds, except that the rate may not exceed the maximum net effective rate allowed by law. The resolution may provide for:
(1)any type of rate, including a fixed, variable, floating, or adjustable rate; and
(2)any arrangement for the periodic determination of interest rates, including a formula, index, or contract.
(c)The bonds must mature serially or otherwise not later than the 40th year after the date of their issuance.
(d)The bonds may have a different face value from other bonds issued by the board.
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Legislative History
Added by Acts 1991, 72nd Leg., 2nd C.S., ch. 5, Sec. 1. Amended by Acts 1993, 73rd Leg., ch. 571, Sec. 12, eff. Aug. 30, 1993.
Nearby Sections
15
§ 52.01
ADMINISTRATION.§ 52.04
BOARD STUDENT LOAN FUNDS.§ 52.11
ISSUANCE OF BONDS.§ 52.12
REFUNDING BONDS.§ 52.13
BONDS AS INVESTMENTS.§ 52.16
PROCEEDS FROM BOND SALE.§ 52.17
INTEREST AND SINKING FUNDS.§ 52.18
DUTIES OF COMPTROLLER.§ 52.19
INVESTMENT OF FUNDS.§ 52.20
STUDENT LOAN NOTES.§ 52.31
PARTICIPATING INSTITUTIONS.§ 52.32
QUALIFICATIONS FOR LOANS.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 52.83, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/ED/52.83.