Bill Text: TX SB1734 | 2019-2020 | 86th Legislature | Introduced
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Relating to the dissolution of a non-profit direct-support organization.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Engrossed - Dead) 2019-05-07 - Referred to Higher Education [SB1734 Detail]
Download: Texas-2019-SB1734-Introduced.html
Bill Title: Relating to the dissolution of a non-profit direct-support organization.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Engrossed - Dead) 2019-05-07 - Referred to Higher Education [SB1734 Detail]
Download: Texas-2019-SB1734-Introduced.html
By: Paxton | S.B. No. 1734 | |
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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. |