Tex. Educ. Code § 54.632 · Subchapter F. PREPAID HIGHER EDUCATION TUITION PROGRAM
REFUND.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(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.
(d) The board shall comply with Section 529 of the Internal Revenue Code of 1986 in imposing penalties for refunds and excess amounts payable under Sections 54.619(d) and (e).
Notes and commentary — not statutory text
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.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/ED/htm/ED.54.htm
- Text hash
- sha256 20b65d3d899045e5a4f1bd9104e82d685ccbbaaf36745c475906267692dc9e23
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
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