Enrolled Bill Summary

House Bill 4465	House Author:  Turner, Chris
Effective:  9-1-19	Senate Sponsor:  Bettencourt

            House Bill 4465 amends the Education Code to revise and update statutory provisions relating to the student loan program administered by the Texas Higher Education Coordinating Board. The bill, among other provisions, changes the fund in which certain bond proceeds and applicable gifts, grants, and donations are deposited from the Texas opportunity plan fund to the student loan auxiliary fund, revises requirements relating to a loan applicant's eligibility and relating to repayment of a loan, and repeals provisions relating to the cancellation of certain loan repayments, the coordinating board's authority to issue a student loan under the federal family education loan program, and the college savings bonds program.