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Next Review Date: None
Last Review Cycle: 2004-2005 Review Cycle - 79th Legislative Session
Final Results of Last Sunset Review
House Bill 2274 continued the Texas Guaranteed Student Loan Corporation (TG) for 12 years and contained the Sunset Commission’s recommendations to improve TG’s accountability to its Board and its interaction with state agencies. The Legislature adopted all of the Sunset Commission’s recommendations. The list below summarizes the major provisions of House Bill 2274.
- Continues the Texas Guaranteed Student Loan Corporation for 12 years, and increases the size of TG’s Board to 11 members.
- Requires TG’s Internal Auditor to report to the Board of Directors.
- Requires relevant state agencies to coordinate with TG on outreach activities tied to financial aid for higher education, and directs TG to report to the Legislature on the demand for financial aid in Texas.
- Requires state licensing agencies to provide TG with lists of licensees so that TG can better identify individuals with defaulted student loans.