Tex. Educ. Code § 54.703 · Subchapter G. HIGHER EDUCATION SAVINGS PLAN
OPERATION OF PLAN; ACCOUNTS HELD IN TRUST.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The board shall administer a higher education savings plan to enable individuals to save money for the qualified higher education expenses of an individual by establishing a savings trust account in the plan.
(b) Money contributed to a savings trust account and earnings on the account are held in trust by the board for the sole benefit of the account owner and beneficiary.
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 1250, Sec. 1, 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 8b179a154f62a43aad8172809025e20f3f6892535f8a1a9582d0f3ce3bddafe5
- 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
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.