By: Paxton  S.B. No. 1734
         (In the Senate - Filed March 6, 2019; March 14, 2019, read
  first time and referred to Committee on Higher Education;
  April 24, 2019, reported favorably by the following vote:  Yeas 9,
  Nays 0; April 24, 2019, sent to printer.)
Click here to see the committee vote
 
 
A BILL TO BE ENTITLED
 
AN ACT
 
  relating to the dissolution of a non-profit direct-support
  organization.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 54.633, Education Code, is amended by
  adding Subsection (n) to read as follows:
         (n)  If the comptroller determines that the purpose of a
  direct-support organization established under Subsection (e) has
  been substantially complied with, the comptroller may dissolve the
  organization.  On dissolution, the title to all funds and
  properties then owned by the organization shall transfer to the
  Texas Match the Promise Foundation.
         SECTION 2.  This Act takes effect September 1, 2019.
 
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