Sec. 57.24. AUTHORITY TO PARTICIPATE IN OTHER REVENUE-GENERATING ACTIVITIES; LIMITATIONS

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(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) 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.

Added by Acts 1989, 71st Leg., ch. 985, Sec. 9, eff. Sept. 1, 1989. Amended by Acts 1991, 72nd Leg., ch. 450, Sec. 5, eff. Aug. 26, 1991; Acts 1995, 74th Leg., ch. 238, Sec. 2, eff. Sept. 1, 1995.

                    
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