Texas Education Code

§ 54.642 — REPORTS

ED § 54.642Title 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)Not later than December 1 of each year, the board shall submit to the governor, lieutenant governor, speaker of the house of representatives, Legislative Budget Board, Legislative Audit Committee, and Texas Higher Education Coordinating Board a report including:

(1)the board's fiscal transactions during the preceding fiscal year;

(2)the market and book value of the fund as of the end of the preceding fiscal year;

(3)the asset allocations of the fund expressed in percentages of stocks, fixed income, cash, or other financial investments;

(4)the rate of return on the investment of the fund's assets during the preceding fiscal year; and

(5)an actuarial valuation of the assets and liabilities of the program, including the extent to which the program's liabilities are unfunded.

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Legislative history

Acts 2013, 83rd Leg., R.S., Ch. 1312 (S.B. 59), Sec. 14, eff. September 1, 2013.