Texas Education Code

§ 54.755 — PREPAID TUITION CONTRACT

ED § 54.755Title 3. HIGHER EDUCATION · Part A. HIGHER EDUCATION IN GENERAL · Ch. 54. TUITION AND FEES · Art. H. PREPAID TUITION UNIT UNDERGRADUATE EDUCATION PROGRAM: TEXAS TOMORROW FUND II

Statute text

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(a)The board shall adopt a form for a prepaid tuition contract to be used by the board and purchasers.

(b)A prepaid tuition contract must:

(1)specify the terms under which the purchaser must pay any amounts owed under the contract;

(2)specify the consequences of default;

(3)specify the name and date of birth of the beneficiary under the contract and the terms under which another person may be substituted as the beneficiary;

(4)specify the date the beneficiary is projected to graduate from high school; and

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Legislative history

Added by Acts 2007, 80th Leg., R.S., Ch. 1281 (H.B. 3900), Sec. 1, eff. June 15, 2007.