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Texas Statutes (Last Updated: January 4, 2014) |
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GOVERNMENT CODE |
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Title 9. PUBLIC SECURITIES |
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Subtitle B. PROVISIONS APPLICABLE TO SECURITIES ISSUED BY STATE GOVERNMENT |
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Chapter 1233. COLLEGE OPPORTUNITY ACT |
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Subchapter B. ADMINISTRATIVE PROVISIONS |
Sec. 1233.051. COLLEGE OPPORTUNITY ACT COMMITTEE
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(a) The College Opportunity Act committee consists of:
(1) the following ex officio members:
(A) the commissioner of the General Land Office;
(B) the commissioner of higher education;
(C) the executive administrator of the Texas Water Development Board;
(D) the comptroller;
(E) the executive director of the board; and
(F) the chief executive officer of a state agency authorized by the board under Section 1233.155 to designate any part of its general obligation bonds as college savings bonds; and
(2) three public members appointed by the governor with the advice and consent of the senate.
(b) A public member must have knowledge, skill, and experience in an academic, business, or financial field.
(c) Public members serve staggered, six-year terms, with the term of one member expiring February 1 of each odd-numbered year.
(d) A vacancy in the office of a public member shall be filled by appointment for the unexpired term.