Texas Education Code 56.124 – Administration
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(a) The board shall administer this subchapter.
(b) The board shall adopt and distribute to each institution of higher education rules to administer this subchapter.
Terms Used In Texas Education Code 56.124
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
(c) The board may accept a gift or grant from a public or private source for the purpose of this subchapter.
(d) The board shall create accounts in the fund that will facilitate the administration of the fund and the program of making loans from the fund under this subchapter.