Tex. Educ. Code § 54.634 · Subchapter F. PREPAID HIGHER EDUCATION TUITION PROGRAM
ESTABLISHMENT OF TRUST FUND; COLLEGE SAVINGS PLAN ACCOUNT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(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.
(c) The board may:
(1) segregate contributions and payments to the fund into various accounts; and
(2) acquire, hold, manage, purchase, sell, assign, trade, transfer, and dispose of any security, evidence of indebtedness, or other investment in which the fund's assets may be invested.
(d) The Texas college savings plan account is created within the Texas tomorrow constitutional trust fund and is financed through administrative fees and service charges as authorized by Section 54.702(c).
Notes and commentary — not statutory text
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.
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 a8897f89ea106a0aea533bb6f31e59c14268c19cf4097f5b08a49cc933198a3a
- 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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Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.