Amend HB 2568 by striking SECTION 6 of the bill (page 4, line
8, through page 5, line 6) and substituting the following:
      SECTION 6.  Section 57.41(c), Education Code, is amended to
read as follows:
      (c)  The corporation shall<, to the extent funds are
available,> make loans to eligible students, as a lender of last
resort, under the following conditions:
            (1)  the borrower certifies and provides evidence to
the corporation that the borrower <he/she> has made an application
to at least two qualified lenders and was unable to obtain a
guaranteed student loan from a commercial lender and is not aware
of any eligible lender in this state that is willing to make a
guaranteed student loan;
            (2)  the borrower also certifies to the corporation
that the borrower <he/she> was unable to obtain a guaranteed
student loan from the Texas Higher Education Coordinating Board;
            (3)  the corporation certifies that it is not aware of
any eligible lender in this state that is willing to make a
guaranteed student loan; and
            (4)  the corporation must, to the extent a market is
available, sell loans made as last resort loans within a reasonable
period of time of the date of loan origination.  This provision
will not apply to any loans that cannot be sold at par. The
corporation shall maintain a separate file showing the name and
address of the student receiving such a loan and the  name and
address of the involved educational institution.