Texas § 487.110 FUND.

Texas Statutes

§ 487.110 — FUND.

Texas § 487.110

Code GVGovernment Code

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Bluebook

Tex. Government Code Code Ann. § 487.110 (2026).

Text

Sec. 487.110. FUND.

(a)The outstanding rural scholar fund is in the state treasury.

(b)The fund consists of legislative appropriations, gifts, grants, donations, the market value of in-kind contributions, and principal and interest payments on forgivable loans deposited to the credit of the fund by the department.

(c)The department shall administer the fund.

(d)The department shall allocate the fund, as available, for forgivable loans under this subchapter.

(e)The department shall deposit any principal and interest payments on forgivable loans to the credit of the fund.

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Sec. 487.110. FUND. (a) The outstanding rural scholar fund is in the state treasury.
(b) The fund consists of legislative appropriations, gifts, grants, donations, the market value of in-kind contributions, and principal and interest payments on forgivable loans deposited to the credit of the fund by the department.
(c) The department shall administer the fund.
(d) The department shall allocate the fund, as available, for forgivable loans under this subchapter.
(e) The department shall deposit any principal and interest payments on forgivable loans to the credit of the fund.

Legislative History

Added by Acts 2001, 77th Leg., ch. 1424, Sec. 1, eff. Sept. 1, 2001. Amended by: Acts 2009, 81st Leg., R.S., Ch. 112 (H.B. 1918 ), Sec. 35, eff. September 1, 2009.