Amend CSSB 1227 by adding the following new SECTIONs to the 
bill, appropriately numbered, and renumbering the subsequent 
SECTIONs of the bill accordingly:
	SECTION ___.  Subsection (c), Section 52.91, Education Code, 
is amended to read as follows:
	(c)  The board shall repay bonds issued by the board to fund 
the Texas B-On-time student loan program using legislative 
appropriations and money collected by the board as repayment for 
Texas B-On-time student loans awarded by the board.  The board may 
use tuition set aside under Section 56.465 to repay bonds issued by 
the board for the Texas B-On-time student loan program.  The board 
may not use money collected by the board as repayment for student 
loans awarded by the board under Subchapter C to repay bonds issued 
by the board for the Texas B-On-time student loan program under 
Section 56.464(b).
	SECTION ___.  Subsection (b), Section 56.463, Education 
Code, is amended to read as follows:
	(b)  Money in the Texas B-On-time student loan account may be 
used only to pay any costs of the coordinating board related to the 
operation of the Texas B-On-time loan program and as otherwise
provided by this subchapter.
	SECTION ___.  Subsection (b), Section 56.465, Education 
Code, is amended to read as follows:
	(b)  The amount of tuition set aside under Subsection (a) 
shall be deposited to the credit of the Texas B-On-time student loan 
account established under Section 56.463 or to the interest and 
sinking fund established by the coordinating board under Section 
52.91(b) in accordance with the resolution of the board 
establishing such fund.
	SECTION ___.  The Texas Higher Education Coordinating Board 
shall, as necessary, adopt rules consistent with Sections 52.91, 
56.463, and 56.465, Education Code, as amended by this Act, as soon 
as practicable after this Act takes effect.  For that purpose, the 
coordinating board may adopt the rules in the manner provided by law 
for emergency rules.