The following words and terms, when used in this subchapter, shall have the following meanings, unless the context clearly indicates otherwise.

1. (1) Additional bonds--Bonds subsequently issued under the statutory authorization and payable from the same source as the bonds.
2. (2) Applicant--A specific governing board of an institution of higher education authorized to issue tuition revenue bonds subject to approval of the board.
3. (3) Board--The Coordinating Board, Texas College and University System.
4. (4) Bonds--Tuition revenue bonds authorized by the Texas Education Code, §55.171 and §55.172, that pledge student tuition charges and are subject to approval of the board.
5. (5) Commissioner--The commissioner of higher education, the chief executive officer of the board.
6. (6) Institutional representative--The institutional employee who is the designated official representative for each application.
7. (7) Pledged revenues--Includes the aggregate amount of student tuition charges pledged to retirement of the bonds as provided in the Texas Education Code, §55.171 and §55.172, and excluding the amounts of statutory exemptions from payment of tuition fees as now provided by law and the amount of student tuition charges previously pledged to retirement of outstanding bonds issued under the authority of the Texas Education Code, §55.171 and §55.172.
8. (8) Statutory authorization--Either §55.171 or §55.172 of the Texas Education Code.

Source Note:The provisions of this §13.43 adopted to be effective January 1, 1976.