Texas Education Code

§ 54.634 — ESTABLISHMENT OF TRUST FUND; COLLEGE SAVINGS PLAN ACCOUNT

ED § 54.634Title 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)The Texas tomorrow constitutional trust fund is created as a trust fund to be held with the comptroller. The fund consists of:

(1)state appropriations for purposes of the fund;

(2)money acquired from other governmental or private sources;

(3)money paid under prepaid tuition contracts; and

(4)the income from money deposited in the fund.

(b)The board shall administer the assets of the fund. The board is the trustee of the fund's assets.

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Legislative history

Added by Acts 1995, 74th Leg., ch. 1032, Sec. 1, eff. Sept. 1, 1995. Amended by Acts 2001, 77th Leg., ch. 1250, Sec. 4, eff. June 15, 2001.