Higher Education Finance Corporation
1001 Fannin Street
Houston, TX 77002
Contact: Wendy Rodriguez
Phone: (713) 758-3374 Fax: (713) 758-3374
Email: Wrodriguez@velaw.com
Updated as of: 7/20/2009
LEGAL AUTHORITY FOR CREATION AND OPERATION(Other)
The Higher Education Authority Act as contained in Chapter 53 of the Texas Education Code. Established under section 53.35 (b), Texas Education Code; Texas Non-Profit Corporation Act, as amended (Article1396-1.01, V.T.C.S.); Ordinance Number 85-1175, July 19, 1985.
GENERAL POWER AND DUTIES
The Higher Education Finance Corporation is a nonprofit corporation organized solely and exclusively for the purpose of aiding institutions of higher education in providing educational facilities, housing facilities and facilities incidental, subordinate, or related thereto or appropriate in connection therewith in accordance with and subject to the provisions of Section 53.33 of the Texas Education Code.
MEETING TIME AND LOCATION
Meet as needed; time and place as determined by the Board.
COMPOSITION
There are nine members on the Higher Education Finance Board. The members are nominated by the Mayor and confirmed by the City Council.
QUORUM: At all meetings of the Board, the presence of at least a majority of directors shall be sufficient to constitute a quorum.
TERM: All terms of members are for two years. Odd-numbered positions expire on January 1 of odd-numbered years; even-numbered positions expire on January 1 of even-numbered years.
CHAIRPERSON: The Board shall elect from among its members a president (chairperson) and vice president (vice-chariperson), and shall elect a secretary and a treasurer who may or may not be directors.
FINANCIAL ACCOUNTABILITY
Entity is NOT included in the financial reporting for the City of Houston. Required to take an Ethics Course.
MEMBER LIST