| |
|
|
R E S O L U T I O N
|
| |
|
|
BE IT RESOLVED by the House of Representatives of the State of |
|
|
Texas, 82nd Legislature, Regular Session, 2011, That House Rule 13, |
|
|
Section 9(a), be suspended in part as provided by House Rule 13, |
|
|
Section 9(f), to enable the conference committee appointed to |
|
|
resolve the differences on Senate Bill 40 (the functions of the |
|
|
Texas Guaranteed Student Loan Corporation) to consider and take |
|
|
action on the following matters: |
|
|
(1) House Rule 13, Section 9(a)(1), is suspended to permit |
|
|
the committee to change text not in disagreement in proposed |
|
|
SECTION 12 of the bill, in amended Section 57.24, Education Code, to |
|
|
read as follows: |
|
|
SECTION 12. Section 57.24, Education Code, is amended to |
|
|
read as follows: |
|
|
Sec. 57.24. AUTHORITY TO PARTICIPATE IN OTHER |
|
|
REVENUE-GENERATING ACTIVITIES; LIMITATIONS. (a) The corporation |
|
|
may participate in a revenue-generating activity [that is
|
|
|
consistent with the corporation's purposes] if the board determines |
|
|
that [the] revenue from the activity: |
|
|
(1) is sufficient to cover the costs of the activity; |
|
|
and |
|
|
(2) will enable the corporation to support educational |
|
|
purposes under Section 57.211 [may contribute to a reduction in the
|
|
|
insurance premium paid by students under Section 57.43 of this
|
|
|
code]. |
|
|
(b) If, under Subsection (a) [of this section], the board |
|
|
authorizes the corporation to perform additional services, the |
|
|
corporation may not require postsecondary educational institutions |
|
|
or students to use those services unless required by state or |
|
|
federal law. |
|
|
Explanation: This change is necessary to clarify the Texas |
|
|
Guaranteed Student Loan Corporation's authority to participate in |
|
|
revenue-generating activities. |
|
|
(2) House Rule 13, Section 9(a)(4), is suspended to permit |
|
|
the committee to add text not included in either the house or senate |
|
|
version of the bill, by adding proposed SECTION 20 of the bill, to |
|
|
read as follows: |
|
|
SECTION 20. Section 57.77, Education Code, is amended by |
|
|
adding Subsection (a-1) to read as follows: |
|
|
(a-1) The corporation shall include in its annual report |
|
|
under this section a description of the corporation's participation |
|
|
in revenue-generating activities under Section 57.24. The |
|
|
description must: |
|
|
(1) include the amounts of revenue from and expenses |
|
|
associated with the activities; |
|
|
(2) demonstrate how that revenue is used for the |
|
|
support of educational purposes under Section 57.211; and |
|
|
(3) certify: |
|
|
(A) the reasonable and necessary amount of |
|
|
operating funds under Section 57.71 required to fulfill the |
|
|
corporation's responsibilities under Section 57.41(a); and |
|
|
(B) the amount of excess operating funds under |
|
|
Section 57.71. |
|
|
Explanation: This change is necessary to incorporate the |
|
|
Texas Guaranteed Student Loan Corporation's report regarding |
|
|
revenue-generating activities into the corporation's annual report |
|
|
rather than requiring it as a separate report. |