Since 1997, when HB 3203 was passed by the Texas Legislature, CTEC has made available a scholarship fund for secondary education. This bill allowed nonprofit electric cooperatives to put unclaimed capital credit funds, previously collected by the Comptroller Office for the State General Fund, to use for student scholarships.
Robert A. Loth III, Chief Executive Officer of CTEC said, “This is a great opportunity for the Cooperative to continue doing something to help our membership, at really no cost. By using the State’s escheated money assures that at least some of the money comes back and is used for the benefit of our members.”
Deatils for the 2019 program coming soon!