reglab/housing_qa huggingface dataset:
TX Educ Code § 54.711 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle A - Higher Education in General|Chapter 54 - Tuition and Fees|Subchapter G. Higher Education Savings Plan|Section 54.711. No Promise of Admission, Enrollment, or Graduation

Sec. 54.711.  NO PROMISE OF ADMISSION, ENROLLMENT, OR GRADUATION.  The opening or maintenance of a savings trust account does not promise or guarantee that a beneficiary of the account will:(1)  be admitted to any eligible educational institution;(2)  be admitted to a particular eligible educational institution;(3)  be allowed to continue enrollment at an eligible educational institution after admission;  or(4)  receive a degree or certificate from an eligible educational institution.|Added by Acts 2001, 77th Leg., ch. 1250, Sec. 1, eff. June 15, 2001.|
TX Educ Code § 54.712 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle A - Higher Education in General|Chapter 54 - Tuition and Fees|Subchapter G. Higher Education Savings Plan|Section 54.712. Residency Not Required

Sec. 54.712.  RESIDENCY NOT REQUIRED.  A savings trust account owner or beneficiary is not required to be a resident of this state.|Added by Acts 2001, 77th Leg., ch. 1250, Sec. 1, eff. June 15, 2001.|Sec. 54.713.  POLICIES FOR PROMOTION AND DISCLOSURE OF INFORMATION.  The board shall adopt policies for promotion of the plan and the disclosure of plan information to savings trust account owners and beneficiaries in a manner consistent with this subchapter and the requirements of Section 529, Internal Revenue Code of 1986, as amended, to ensure that:(1)  promotional material and plan information disclose that no money invested in the plan is insured by this state and that neither the principal deposited nor the investment returned is guaranteed by this state;  and(2)  any fees imposed under this subchapter are disclosed in promotional material and plan information provided to the public and to account owners and beneficiaries.|Added by Acts 2001, 77th Leg., ch. 1250, Sec. 1, eff. June 15, 2001.|
TX Educ Code § 54.714 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle A - Higher Education in General|Chapter 54 - Tuition and Fees|Subchapter G. Higher Education Savings Plan|Section 54.714. Confidentiality of Records

Sec. 54.714.  CONFIDENTIALITY OF RECORDS.  (a)  Except as otherwise provided by this section, all information relating to the plan is public and subject to disclosure under Chapter 552, Government Code.(b)  Information relating to a beneficiary or owner of a savings trust account, including any personally identifiable information about an owner or beneficiary, is confidential except that the board may disclose that information to an account owner regarding the owner's account.|Added by Acts 2001, 77th Leg., ch. 1250, Sec. 1, eff. June 15, 2001.|
TX Educ Code § 54.715 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle A - Higher Education in General|Chapter 54 - Tuition and Fees|Subchapter G. Higher Education Savings Plan|Section 54.715. Termination or Modification of Plan

Sec. 54.715.  TERMINATION OR MODIFICATION OF PLAN.  If the comptroller determines that the plan is not financially feasible, the comptroller shall notify the governor and the legislature and recommend that the board not administer a higher education savings plan or that the plan be modified or terminated.|Added by Acts 2001, 77th Leg., ch. 1250, Sec. 1, eff. June 15, 2001.|
TX Educ Code § 54.716 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle A - Higher Education in General|Chapter 54 - Tuition and Fees|Subchapter G. Higher Education Savings Plan|Section 54.716. Effect of Termination of Plan on Savings Trust Agreement

Sec. 54.716.  EFFECT OF TERMINATION OF PLAN ON SAVINGS TRUST AGREEMENT.  If the plan is terminated, the balance of each savings trust account shall be paid to the account owner, to the extent possible, and any unclaimed assets shall escheat to the state in accordance with general law regarding unclaimed property.|Added by Acts 2001, 77th Leg., ch. 1250, Sec. 1, eff. June 15, 2001.|
TX Educ Code § 54.752 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle A - Higher Education in General|Chapter 54 - Tuition and Fees|Subchapter H. Prepaid Tuition Unit Undergraduate Education Program: Texas Tomorrow Fund Ii|Section 54.752. Powers and Duties of Board Concerning Program

Sec. 54.752.  POWERS AND DUTIES OF BOARD CONCERNING PROGRAM.  (a)  In addition to carrying out duties assigned under Subchapters F and G, the Prepaid Higher Education Tuition Board shall administer the prepaid tuition unit undergraduate education program established under this subchapter.  The board shall comply with federal and state law related to the program.(b)  In addition to the board's powers assigned under Subchapters F and G, the board has the powers necessary or proper to carry out this subchapter, including the power to:(1)  adopt rules to implement this subchapter;(2)  sue and be sued;(3)  enter into contracts and other necessary instruments;(4)  enter into agreements or other transactions with the United States, state agencies, general academic teaching institutions, two-year institutions of higher education, and local governments;(5)  appear on its own behalf before governmental agencies;(6)  contract for necessary goods and services, including specifying in the contract duties to be performed by the provider of a good or service that are a part of or are in addition to the person's primary duties under the contract;(7)  engage the services of private consultants, actuaries, trustees, records administrators, managers, legal counsel, and auditors for administrative or technical assistance;(8)  solicit and accept gifts, grants, loans, and other aid from any source or participate in any other way in any government program to carry out this subchapter;(9)  impose administrative fees;(10)  contract with a person to market the program;(11)  purchase liability insurance covering the board and employees and agents of the board; and(12)  establish other policies, procedures, and eligibility criteria to implement this subchapter.(c)  In marketing the program, regardless of whether the board markets the program directly or under contract as authorized by Subsection (b)(10), the board, in coordination with the Health and Human Services Commission, the Texas Workforce Commission, and the Texas Higher Education Coordinating Board, shall ensure that:(1)  the program is marketed across the state in a manner that promotes the participation goals and targets of the most recent revision of "Closing the Gaps," the state's master plan for higher education; and(2)  any marketing plan for the program includes a specific strategy to promote enrollment in the program by persons likely to qualify for federal earned income tax credits.|Added by Acts 2007, 80th Leg., R.S., Ch. 1281 (H.B. 3900), Sec. 1, eff. June 15, 2007.|
TX Educ Code § 54.755 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle A - Higher Education in General|Chapter 54 - Tuition and Fees|Subchapter H. Prepaid Tuition Unit Undergraduate Education Program: Texas Tomorrow Fund Ii|Section 54.755. Prepaid Tuition Contract

Sec. 54.755.  PREPAID TUITION CONTRACT.  (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(5)  contain any other provisions the board considers necessary or appropriate.(c)  A prepaid tuition contract may provide for the purchase of additional tuition units in subsequent years at the then-current price of the additional units.|Added by Acts 2007, 80th Leg., R.S., Ch. 1281 (H.B. 3900), Sec. 1, eff. June 15, 2007.|
TX Educ Code § 54.756 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle A - Higher Education in General|Chapter 54 - Tuition and Fees|Subchapter H. Prepaid Tuition Unit Undergraduate Education Program: Texas Tomorrow Fund Ii|Section 54.756. Purchaser; Beneficiary

Sec. 54.756.  PURCHASER; BENEFICIARY.  (a)  A purchaser may be any person who is permitted to be a purchaser under Section 529, Internal Revenue Code of 1986.  The purchaser is not required to be a resident of this state, except as provided by Subsection (c)(2).(b)  In accordance with applicable provisions of Section 529, Internal Revenue Code of 1986, a purchaser is the owner of the account to which the purchaser's prepaid tuition contract money is assigned.(c)  At the time the purchaser enters into a prepaid tuition contract, the beneficiary of the contract must be:(1)  a resident of this state at the time the purchaser enters into the contract; or(2)  a nonresident who is the child of a parent who is a resident of this state at the time that parent enters into the contract.(d)  For purposes of Subsection (c), the board may require a reasonable period of residence in this state for a beneficiary or the parent of a beneficiary.(e)  Notwithstanding any provision of Subchapter B, the tuition and required fees charged by a general academic teaching institution or two-year institution of higher education that are paid for with tuition units shall be determined as if the beneficiary of that contract were a resident student.|Added by Acts 2007, 80th Leg., R.S., Ch. 1281 (H.B. 3900), Sec. 1, eff. June 15, 2007.|
TX Educ Code § 54.757 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle A - Higher Education in General|Chapter 54 - Tuition and Fees|Subchapter H. Prepaid Tuition Unit Undergraduate Education Program: Texas Tomorrow Fund Ii|Section 54.757. Contract Payment

Sec. 54.757.  CONTRACT PAYMENT.  (a)  The board may provide for the receipt of payment under prepaid tuition contracts in lump sums or installment payments.  If the board allows payments under a contract to be made in installments over a period longer than one year, the board must provide for a plan that permits those payments to be made in single annual installments in addition to any other permitted installment plans.(b)  A purchaser may make payments under a prepaid tuition contract by an electronic funds transfer.(c)  An employee of this state or a political subdivision of this state may make payments under a prepaid tuition contract by payroll deductions made by the appropriate officer of the state or political subdivision.  The board shall implement procedures to facilitate payments under this subsection.(d)  The board may impose a fee for a late payment under a prepaid tuition contract.|Added by Acts 2007, 80th Leg., R.S., Ch. 1281 (H.B. 3900), Sec. 1, eff. June 15, 2007.|
TX Educ Code § 54.758 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle A - Higher Education in General|Chapter 54 - Tuition and Fees|Subchapter H. Prepaid Tuition Unit Undergraduate Education Program: Texas Tomorrow Fund Ii|Section 54.758. Deferred Use of Prepaid Credit Hours

Sec. 54.758.  DEFERRED USE OF PREPAID CREDIT HOURS.  (a)  A prepaid tuition contract must permit the beneficiary to elect to pay from a source other than tuition units purchased under the contract the beneficiary's tuition and required fees for some or all of the tuition and required fees to which the beneficiary is entitled to payment under the contract, and to defer to a subsequent semester or other academic term the right to payment of the beneficiary's tuition and required fees by using tuition units remaining under the contract.(b)  This section does not affect the date on which a prepaid tuition contract terminates under this subchapter and does not give the beneficiary the right to a payment under the contract after termination of the contract.|Added by Acts 2007, 80th Leg., R.S., Ch. 1281 (H.B. 3900), Sec. 1, eff. June 15, 2007.|
TX Educ Code § 54.759 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle A - Higher Education in General|Chapter 54 - Tuition and Fees|Subchapter H. Prepaid Tuition Unit Undergraduate Education Program: Texas Tomorrow Fund Ii|Section 54.759. Change of Beneficiary

Sec. 54.759.  CHANGE OF BENEFICIARY.  (a)  The purchaser of a prepaid tuition contract may designate a different beneficiary in place of the original beneficiary if the new beneficiary meets the requirements of a beneficiary on the date the designation is changed.  The new beneficiary must meet the requirements of Section 529, Internal Revenue Code of 1986, to prevent the change of beneficiary from being treated as a distribution under that law.(b)  The board may adjust the terms of the contract so that the purchaser is required to pay the amount the purchaser would have been required to pay had the purchaser originally designated the new beneficiary as the beneficiary, taking into account any payments made before the date the designation is changed.(c)  The board may not impose a fee in connection with the designation of a new beneficiary.(d)  The purchaser of a prepaid tuition contract may not sell the contract.|Added by Acts 2007, 80th Leg., R.S., Ch. 1281 (H.B. 3900), Sec. 1, eff. June 15, 2007.|
TX Educ Code § 54.760 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle A - Higher Education in General|Chapter 54 - Tuition and Fees|Subchapter H. Prepaid Tuition Unit Undergraduate Education Program: Texas Tomorrow Fund Ii|Section 54.760. Verification Under Oath

Sec. 54.760.  VERIFICATION UNDER OATH.  The board may require a purchaser to verify under oath a request to:(1)  change a beneficiary; or(2)  terminate a contract.|Added by Acts 2007, 80th Leg., R.S., Ch. 1281 (H.B. 3900), Sec. 1, eff. June 15, 2007.|
TX Educ Code § 54.761 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle A - Higher Education in General|Chapter 54 - Tuition and Fees|Subchapter H. Prepaid Tuition Unit Undergraduate Education Program: Texas Tomorrow Fund Ii|Section 54.761. Promise or Guarantee of Admission

Sec. 54.761.  PROMISE OR GUARANTEE OF ADMISSION.  This subchapter is not a promise or guarantee that a beneficiary will be:(1)  admitted to any public or private institution of higher education;(2)  admitted to a particular public or private institution of higher education;(3)  allowed to continue enrollment at a public or private institution of higher education; or(4)  graduated from a public or private institution of higher education.|Added by Acts 2007, 80th Leg., R.S., Ch. 1281 (H.B. 3900), Sec. 1, eff. June 15, 2007.|
TX Educ Code § 54.762 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle A - Higher Education in General|Chapter 54 - Tuition and Fees|Subchapter H. Prepaid Tuition Unit Undergraduate Education Program: Texas Tomorrow Fund Ii|Section 54.762. Contract Termination

Sec. 54.762.  CONTRACT TERMINATION.  (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.|Added by Acts 2007, 80th Leg., R.S., Ch. 1281 (H.B. 3900), Sec. 1, eff. June 15, 2007.|
TX Educ Code § 54.763 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle A - Higher Education in General|Chapter 54 - Tuition and Fees|Subchapter H. Prepaid Tuition Unit Undergraduate Education Program: Texas Tomorrow Fund Ii|Section 54.763. Refund

Sec. 54.763.  REFUND.  (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 computed.(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 computed.|Added by Acts 2007, 80th Leg., R.S., Ch. 1281 (H.B. 3900), Sec. 1, eff. June 15, 2007.|
TX Educ Code § 54.764 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle A - Higher Education in General|Chapter 54 - Tuition and Fees|Subchapter H. Prepaid Tuition Unit Undergraduate Education Program: Texas Tomorrow Fund Ii|Section 54.764. Fund

Sec. 54.764.  FUND.  (a)  The Texas tomorrow fund II prepaid tuition unit undergraduate education program fund is established as a trust fund outside of the state treasury.(b)  The board shall:(1)  deposit in the fund money paid under prepaid tuition contracts; and(2)  credit to the fund income earned on that money.(c)  The board shall provide for administering the assets of the fund and establishing and administering the accounts of purchasers under prepaid tuition contracts.(d)  The board shall provide for assigning payments to the fund to separate accounts for purchasers and may provide for assigning payments to other general accounts as otherwise considered appropriate by the board.(e)  The board may provide for acquiring, holding, managing, purchasing, selling, assigning, trading, transferring, or disposing of any security, evidence of indebtedness, or other investment in which the fund's assets may be invested.|Added by Acts 2007, 80th Leg., R.S., Ch. 1281 (H.B. 3900), Sec. 1, eff. June 15, 2007.|
TX Educ Code § 54.766 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle A - Higher Education in General|Chapter 54 - Tuition and Fees|Subchapter H. Prepaid Tuition Unit Undergraduate Education Program: Texas Tomorrow Fund Ii|Section 54.766. Investment of Fund Assets

Sec. 54.766.  INVESTMENT OF FUND ASSETS.  (a)  The board shall provide for investing the assets of the fund. In investing the fund, the board has the same investment authority as that provided by Section 11b, Article VII, Texas Constitution, or other law, to the board of regents of The University of Texas System with respect to the investment of the Permanent University Fund.  The board and the board of regents of The University of Texas System may contract for the board of regents to manage and invest the assets of the fund, and for that purpose the board may delegate its duties under this section to the board of regents.(b)  If the board does not contract with the board of regents of The University of Texas System under Subsection (a) to manage and invest the assets of the fund, the board shall contract with one or more private professional investment managers to serve as plan manager and to invest the assets of the fund on behalf of the board.  In selecting a manager, the board must:(1)  select a person who has served as a professional investment manager for at least 10 years;(2)  evaluate each person considered for the position based on the historical net returns of the person's professional investments and the consistency of the person's professional investment returns over a period of at least five years; and(3)  comply with Section 54.704.(c)  In monitoring the manager's investments, the board shall ensure that investments are made according to the standard of investment provided by this section.  The plan manager has the same duties imposed on a plan manager by Section 54.705.(d)  The board shall develop written objectives concerning the investment of the assets of the fund.  The objectives may address desired rates of return, risks involved, investment time frames, and any other relevant considerations.(e)  The board may specify in a contract under this section that the plan manager is required to establish and maintain an Internet website through which a purchaser may monitor the account to which the purchaser's prepaid tuition contract money is assigned.|Added by Acts 2007, 80th Leg., R.S., Ch. 1281 (H.B. 3900), Sec. 1, eff. June 15, 2007.|
TX Educ Code § 54.767 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle A - Higher Education in General|Chapter 54 - Tuition and Fees|Subchapter H. Prepaid Tuition Unit Undergraduate Education Program: Texas Tomorrow Fund Ii|Section 54.767. Use of Fund Assets

Sec. 54.767.  USE OF FUND ASSETS.  The assets of the fund may be used only to:(1)  pay the costs of program administration and operations;(2)  make payments to general academic teaching institutions, two-year institutions of higher education, private or independent institutions of higher education, medical and dental units, career schools, accredited out-of-state institutions of higher education, and registered apprenticeship programs on behalf of beneficiaries; and(3)  make refunds under prepaid tuition contracts.|Added by Acts 2007, 80th Leg., R.S., Ch. 1281 (H.B. 3900), Sec. 1, eff. June 15, 2007.Amended by: Acts 2009, 81st Leg., R.S., Ch. 560 (S.B. 1941), Sec. 7, eff. June 19, 2009.Acts 2019, 86th Leg., R.S., Ch. 903 (H.B. 3655), Sec. 12, eff. June 10, 2019.Acts 2021, 87th Leg., R.S., Ch. 599 (S.B. 1094), Sec. 7, eff. September 1, 2021.|
TX Educ Code § 54.7671 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle A - Higher Education in General|Chapter 54 - Tuition and Fees|Subchapter H. Prepaid Tuition Unit Undergraduate Education Program: Texas Tomorrow Fund Ii|Section 54.7671. Transfers Among 529 Plans

Sec. 54.7671.  TRANSFERS AMONG 529 PLANS.  (a)  The board by rule shall provide for a purchaser to transfer money between an account under this subchapter and an account under another plan established by this state or by another state or other authorized entity in accordance with Section 529, Internal Revenue Code of 1986, to the extent and in the manner authorized by that section.(b)  For purposes of a transfer of money from an account under this subchapter, the value of the account at the time of transfer is the lesser of:(1)  an amount equal to the cost, at the time of the transfer, of the tuition and required fees that would be covered by redemption of the number and type of tuition units to be transferred from the account if the beneficiary were redeeming the units at a general academic teaching institution or two-year institution of higher education as follows:(A)  for a Type I unit, at the general academic teaching institution that had the highest tuition and required fee cost;(B)  for a Type II unit, at a general academic teaching institution that had tuition and required fee cost at the weighted average; and(C)  for a Type III unit, at a two-year institution of higher education that had tuition and required fee cost at the weighted average; or(2)  an amount equal to the total purchase price of the tuition units to be transferred from the account, plus the portion of the total return on assets of the fund attributable to that amount.|Added by Acts 2007, 80th Leg., R.S., Ch. 1281 (H.B. 3900), Sec. 1, eff. June 15, 2007.Amended by: Acts 2009, 81st Leg., R.S., Ch. 560 (S.B. 1941), Sec. 8, eff. June 19, 2009.|
TX Educ Code § 54.768 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle A - Higher Education in General|Chapter 54 - Tuition and Fees|Subchapter H. Prepaid Tuition Unit Undergraduate Education Program: Texas Tomorrow Fund Ii|Section 54.768. Exemption From Securities Laws

Sec. 54.768.  EXEMPTION FROM SECURITIES LAWS.  The registration requirements of The Securities Act (Title 12, Government Code) do not apply to the sale of a prepaid tuition contract by the board or by a registered securities dealer or registered investment adviser.|Added by Acts 2007, 80th Leg., R.S., Ch. 1281 (H.B. 3900), Sec. 1, eff. June 15, 2007.Amended by: Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171), Sec. 2.08, eff. January 1, 2022.|