Texas Education Code

§ 54.762 — CONTRACT TERMINATION

ED § 54.762Title 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)A prepaid tuition contract shall specify:

(1)the name of any person who may terminate the contract; and

(2)the terms under which the contract may be terminated.

(b)A prepaid tuition contract terminates on the 10th anniversary of the date the beneficiary is projected to graduate from high school, not counting time spent by the beneficiary as an active duty member of the United States armed services.

Legislative history

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