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R E S O L U T I O N
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BE IT RESOLVED by the Senate of the State of Texas, 82nd |
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Legislature, Regular Session, 2011, That Senate Rule 12.03 be |
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suspended in part as provided by Senate Rule 12.08 to enable the |
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conference committee appointed to resolve the differences on Senate |
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Bill 40 (the functions of the Texas Guaranteed Student Loan |
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Corporation) to consider and take action on the following matters: |
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(1) Senate Rule 12.03(1) is suspended to permit the |
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committee to change text not in disagreement in proposed SECTION 12 |
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of the bill, in amended Section 57.24, Education Code, to read as |
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follows: |
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SECTION 12. Section 57.24, Education Code, is amended to |
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read as follows: |
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Sec. 57.24. AUTHORITY TO PARTICIPATE IN OTHER |
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REVENUE-GENERATING ACTIVITIES; LIMITATIONS. (a) The corporation |
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may participate in a revenue-generating activity [that is
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consistent with the corporation's purposes] if the board determines |
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that [the] revenue from the activity: |
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(1) is sufficient to cover the costs of the activity; |
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and |
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(2) will enable the corporation to support educational |
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purposes under Section 57.211 [may contribute to a reduction in the
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insurance premium paid by students under Section 57.43 of this
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code]. |
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(b) If, under Subsection (a) [of this section], the board |
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authorizes the corporation to perform additional services, the |
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corporation may not require postsecondary educational institutions |
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or students to use those services unless required by state or |
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federal law. |
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Explanation: This change is necessary to clarify the Texas |
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Guaranteed Student Loan Corporation's authority to participate in |
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revenue-generating activities. |
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(2) Senate Rule 12.03(4) is suspended to permit the |
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committee to add text not included in either the house or senate |
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version of the bill, by adding proposed SECTION 20 of the bill, to |
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read as follows: |
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SECTION 20. Section 57.77, Education Code, is amended by |
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adding Subsection (a-1) to read as follows: |
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(a-1) The corporation shall include in its annual report |
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under this section a description of the corporation's participation |
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in revenue-generating activities under Section 57.24. The |
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description must: |
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(1) include the amounts of revenue from and expenses |
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associated with the activities; |
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(2) demonstrate how that revenue is used for the |
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support of educational purposes under Section 57.211; and |
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(3) certify: |
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(A) the reasonable and necessary amount of |
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operating funds under Section 57.71 required to fulfill the |
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corporation's responsibilities under Section 57.41(a); and |
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(B) the amount of excess operating funds under |
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Section 57.71. |
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Explanation: This change is necessary to incorporate the |
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Texas Guaranteed Student Loan Corporation's report regarding |
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revenue-generating activities into the corporation's annual report |
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rather than requiring it as a separate report. |