Section A
What does THECB stands for
Texas Higher Education Coordinating Board
Bonds shall be issued in _______ by the THECB
Installments
The ______ net effective interest rate to be borne by bonds
Maximum
there is appropriated out of the first money coming into the treasury in each ____ year
Fiscal
Bonds issued under this section, after approval by the attorney general, registration by the comptroller of public accounts, and delivery to the purchasers, are _______.
Incontestable
What was the number of the section listed in the paragraph
Section 49
Bonds definition
An obligation to pay a specified amount of money
Income from the investment shall be used for the purposes prescribed by the THECB
(true or false)
False, Legislature
While any of the bonds issued under this section or interest on the bonds is _______ and____
Outstanding and unpaid
When was this officially amended
Nov. 2, 1999
Loans are given to students admitted to attend _____ or _____ institutions in Texas
Public and private
The bonds shall be executed in the form, on the terms, and in the _______, bear interest
Denominations
The legislature may provide for the ______ of bond proceeds
Investment
Sinking Fund
Bonds must be approved by who
Attorney General
Loans must be recognized or accredited under terms and conditions prescribed by the ______.
Legislature
as prescribed by the ______ or its successor or successors.
Texas Higher Education Coordinating Board
Term to describe a senior executive who oversees the accounting and financial reporting of a business or government department
Comptroller
The legislature by _____ ___ may authorize the THECB or its successor or successors to issue and sell general obligation bonds
General Law
Summarize the idea of this amendment
The legislature allows the THECB to handle obligation bonds from the state to finance educational loans for students admitted in Texas institutions of higher education.