- (a) The board by resolution may establish one or more board student loan funds as accounts in the state treasury.
- (b) A board student loan fund established under this section consists of deposits made by the board as provided by this chapter.
- (c) A board student loan fund established under this section may be used for any purpose related to the student loan program.
- (d) The board by resolution may create and provide the terms of administration and use of one or more accounts in a board student loan fund established under this section.
Added by Acts 1993, 73rd Leg., ch. 571, Sec. 4, eff. Aug. 30, 1993.