Texas Education Code

§ 54.632 — REFUND

ED § 54.632Title 3. HIGHER EDUCATION · Part A. HIGHER EDUCATION IN GENERAL · Ch. 54. TUITION AND FEES · Art. F. PREPAID HIGHER EDUCATION TUITION PROGRAM

Statute text

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(a)A prepaid tuition contract shall specify:

(1)the name of the person entitled to any refund if the contract is terminated;

(2)the terms under which a person is entitled to a refund; and

(3)the method by which the amount of the refund is calculated.

(b)The person named in the contract is entitled to a refund following termination of a prepaid tuition contract.

(c)The board shall determine the method by which the amount of the refund is calculated.

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Legislative history

Added by Acts 1995, 74th Leg., ch. 1032, Sec. 1, eff. Sept. 1, 1995. Amended by Acts 1997, 75th Leg., ch. 522, Sec. 5, eff. Sept. 1, 1997.