reglab/housing_qa huggingface dataset:
TX Educ Code § 54.6245 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle A - Higher Education in General|Chapter 54 - Tuition and Fees|Subchapter F. Prepaid Higher Education Tuition Program|Section 54.6245. Graduate and Professional Degree Plans

Sec. 54.6245.  GRADUATE AND PROFESSIONAL DEGREE PLANS.  (a)  The board may establish one or more plans to allow a person to prepay all or part of the tuition and required fees for enrollment in a graduate or professional degree program at an institution of higher education or private or independent institution of higher education, if the board determines that:(1)  a particular plan is feasible;  and(2)  there is sufficient demand for the plan to justify administration of the plan.(b)  The board may limit a plan established under this section to a specified field or fields of study, to a specified level or type of degree, or to a specified number of hours or semesters, as the board considers appropriate.(c)  The board is not required to continue offering a plan established under this section in subsequent years.(d)  The board may modify the terms of a prepaid tuition contract otherwise required by this subchapter for a plan established under this section as the board considers necessary.|Added by Acts 1999, 76th Leg., ch. 269, Sec. 1, eff. Aug. 30, 1999.|
TX Educ Code § 54.625 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle A - Higher Education in General|Chapter 54 - Tuition and Fees|Subchapter F. Prepaid Higher Education Tuition Program|Section 54.625. Junior-Senior College Plan

Sec. 54.625.  JUNIOR-SENIOR COLLEGE PLAN.  Through the junior-senior college plan, a prepaid tuition contract shall provide prepaid tuition and required fees for the beneficiary to attend:(1)  a public junior college for a specified number of undergraduate credit hours not to exceed the typical number of hours required for a person to receive a certificate or associate degree awarded by a public junior college;  and(2)  a public senior college or university for a specified number of credit hours not to exceed the typical number of additional hours required for the person to receive a baccalaureate degree awarded by a public senior college or university.|Added by Acts 1995, 74th Leg., ch. 1032, Sec. 1, eff. Sept. 1, 1995.|
TX Educ Code § 54.6251 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle A - Higher Education in General|Chapter 54 - Tuition and Fees|Subchapter F. Prepaid Higher Education Tuition Program|Section 54.6251. Private College Plan

Sec. 54.6251.  PRIVATE COLLEGE PLAN.  Through the private college plan, a prepaid tuition contract shall provide prepaid estimated average private tuition and required fees for the beneficiary to attend a private or independent institution of higher education for a specified number of undergraduate credit hours not to exceed the typical number of hours required for a baccalaureate degree awarded by a private or independent institution of higher education.|Added by Acts 1995, 74th Leg., ch. 1032, Sec. 1, eff. Sept. 1, 1995.|
TX Educ Code § 54.6252 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle A - Higher Education in General|Chapter 54 - Tuition and Fees|Subchapter F. Prepaid Higher Education Tuition Program|Section 54.6252. Contract for Additional Credit Hours

Sec. 54.6252.  CONTRACT FOR ADDITIONAL CREDIT HOURS.  (a)  The board may permit the purchaser of a prepaid tuition contract for a senior college plan or a private college plan at any time during which the contract is in effect and before the beneficiary graduates from high school to enter into a supplemental contract to prepay the tuition and required fees of the beneficiary for a number of undergraduate credit hours, in addition to the undergraduate credit hours included in the primary contract, equal to the number of credit hours purchased for one year under the primary contract.  The additional credit hours must be for the same type of institution as the credit hours purchased under the primary contract.(b)  The contract is subject to Section 54.620.|Added by Acts 1997, 75th Leg., ch. 522, Sec. 3, eff. Sept. 1, 1997.  Amended by Acts 1999, 76th Leg., ch. 1181, Sec. 6, eff. Sept. 1, 1999.|
TX Educ Code § 54.626 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle A - Higher Education in General|Chapter 54 - Tuition and Fees|Subchapter F. Prepaid Higher Education Tuition Program|Section 54.626. Contract Payment

Sec. 54.626.  CONTRACT PAYMENT.  (a)  The board may provide for the receipt of payments 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, it must provide for 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 electronic funds transfer.(c)  An employee of the state or a political subdivision of the state may make payments under a prepaid tuition contract by payroll deductions made by the appropriate officer of the state or political subdivision.(d)  The board may impose a fee for a late payment under a prepaid tuition contract.|Added by Acts 1995, 74th Leg., ch. 1032, Sec. 1, eff. Sept. 1, 1995.  Amended by Acts 1997, 75th Leg., ch. 95, Sec. 1, eff. May 15, 1997.|
TX Educ Code § 54.6261 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle A - Higher Education in General|Chapter 54 - Tuition and Fees|Subchapter F. Prepaid Higher Education Tuition Program|Section 54.6261. Deferred Use of Prepaid Credit Hours

Sec. 54.6261.  DEFERRED USE OF PREPAID CREDIT HOURS.  (a)  A prepaid tuition contract must permit the beneficiary to elect to pay from another source the beneficiary's tuition and required fees for some or all of the semester credit hours to which the beneficiary is entitled to payment under the contract, and to defer to a subsequent semester or term the right to payment of the beneficiary's tuition and required fees for the number of semester credit hours remaining under the contract.  The beneficiary is responsible for payment of the amount of tuition and required fees for the number of semester credit hours that the beneficiary elects not to pay 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 any payment under the contract after termination of the contract.|Added by Acts 1997, 75th Leg., ch. 522, Sec. 3, eff. Sept. 1, 1997.|
TX Educ Code § 54.6262 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle A - Higher Education in General|Chapter 54 - Tuition and Fees|Subchapter F. Prepaid Higher Education Tuition Program|Section 54.6262. Application of Unused Credit Hours to Graduate Tuition

Sec. 54.6262.  APPLICATION OF UNUSED CREDIT HOURS TO GRADUATE TUITION.  (a)  If the beneficiary of a prepaid tuition contract registers in a graduate or professional degree program before the termination of the contract and the beneficiary has not received payment under the contract for tuition and required fees for all of the semester credit hours to which the beneficiary is entitled, the beneficiary may apply the value of the remaining semester credit hours under the contract to the payment of the beneficiary's tuition and required fees in the graduate or professional degree program.(b)  For purposes of this section, the value of a semester credit hour under a prepaid tuition contract is equal to the average amount of undergraduate tuition and required fees for a semester credit hour that would have been paid under the contract if the beneficiary registered in an undergraduate program for the same term or semester for which the beneficiary applies the payment to the beneficiary's tuition and required fees in a graduate or professional degree program under this section.(c)  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 any payment under the contract after termination of the contract.|Added by Acts 1997, 75th Leg., ch. 522, Sec. 3, eff. Sept. 1, 1997.|
TX Educ Code § 54.627 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle A - Higher Education in General|Chapter 54 - Tuition and Fees|Subchapter F. Prepaid Higher Education Tuition Program|Section 54.627. Change of Beneficiary

Sec. 54.627.  CHANGE OF BENEFICIARY.  (a)  The purchaser of a prepaid tuition contract may designate a new beneficiary instead of the original beneficiary if the new beneficiary meets the requirements of a beneficiary on the date the designation is changed.  Except as provided by Subsection (b), the new beneficiary must meet the requirements of Section 529 of the Internal Revenue Code of 1986 so that the change of beneficiary is not treated as a distribution under that law.(b)  If the purchaser is this state, a local government of this state, or an organization exempt from taxation under Section 501(a) of the Internal Revenue Code of 1986 because it is listed in Section 501(c)(3) of that code that purchases an interest in a prepaid tuition contract as part of a scholarship program operated by the government or organization, the purchaser may designate a new beneficiary without regard to the relationship of the new beneficiary to the original beneficiary.(c)  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.(d)  The purchaser of a prepaid tuition contract may not sell the contract.|Added by Acts 1995, 74th Leg., ch. 1032, Sec. 1, eff. Sept. 1, 1995.  Amended by Acts 1997, 75th Leg., ch. 522, Sec. 4, eff. Sept. 1, 1997.|
TX Educ Code § 54.628 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle A - Higher Education in General|Chapter 54 - Tuition and Fees|Subchapter F. Prepaid Higher Education Tuition Program|Section 54.628. Conversion to Another Plan

Sec. 54.628.  CONVERSION TO ANOTHER PLAN.  (a)  A purchaser may convert a prepaid tuition contract from one plan to another plan.(b)  The board may adjust the terms of the contract so that the purchaser is required to pay the amount required under the plan to which the contract is converted, taking into account any payments made before the date the contract is converted.|Added by Acts 1995, 74th Leg., ch. 1032, Sec. 1, eff. Sept. 1, 1995.|
TX Educ Code § 54.629 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle A - Higher Education in General|Chapter 54 - Tuition and Fees|Subchapter F. Prepaid Higher Education Tuition Program|Section 54.629. Verification Under Oath

Sec. 54.629.  VERIFICATION UNDER OATH.  The board may require a purchaser to verify under oath a request to:(1)  change a beneficiary;(2)  convert a contract to another plan;  or(3)  terminate a contract.|Added by Acts 1995, 74th Leg., ch. 1032, Sec. 1, eff. Sept. 1, 1995.|
TX Educ Code § 54.630 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle A - Higher Education in General|Chapter 54 - Tuition and Fees|Subchapter F. Prepaid Higher Education Tuition Program|Section 54.630. Promise or Guarantee of Admission

Sec. 54.630.  PROMISE OR GUARANTEE OF ADMISSION.  This subchapter is not a promise or guarantee that a beneficiary will be:(1)  admitted to any institution of higher education or private or independent institution of higher education;(2)  admitted to a particular institution of higher education or private or independent institution of higher education;(3)  allowed to continue enrollment at an institution of higher education or private or independent institution of higher education after admission;  or(4)  graduated from an institution of higher education or private or independent institution of higher education.|Added by Acts 1995, 74th Leg., ch. 1032, Sec. 1, eff. Sept. 1, 1995.|
TX Educ Code § 54.631 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle A - Higher Education in General|Chapter 54 - Tuition and Fees|Subchapter F. Prepaid Higher Education Tuition Program|Section 54.631. Contract Termination

Sec. 54.631.  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 1995, 74th Leg., ch. 1032, Sec. 1, eff. Sept. 1, 1995.|
TX Educ Code § 54.632 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle A - Higher Education in General|Chapter 54 - Tuition and Fees|Subchapter F. Prepaid Higher Education Tuition Program|Section 54.632. Refund

Sec. 54.632.  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 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).|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.|
TX Educ Code § 54.634 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle A - Higher Education in General|Chapter 54 - Tuition and Fees|Subchapter F. Prepaid Higher Education Tuition Program|Section 54.634. Establishment of Trust Fund; College Savings Plan Account

Sec. 54.634.  ESTABLISHMENT OF TRUST FUND;  COLLEGE SAVINGS PLAN ACCOUNT.  (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).|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.|
TX Educ Code § 54.635 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle A - Higher Education in General|Chapter 54 - Tuition and Fees|Subchapter F. Prepaid Higher Education Tuition Program|Section 54.635. Comptroller

Sec. 54.635.  COMPTROLLER.  (a)  Except as provided by Subsection (d), the comptroller is the custodian of the assets of the fund.(b)  The comptroller shall pay money from the fund on a warrant drawn by the comptroller supported only on a voucher signed by the comptroller or the comptroller's authorized representative.(c)  The comptroller annually shall furnish to the board a sworn statement of the amount of the fund's assets in the comptroller's custody.(d)  The board may select one or more commercial banks, depository trust companies, or other entities to serve as custodian of all or part of the fund's assets.|Added by Acts 1995, 74th Leg., ch. 1032, Sec. 1, eff. Sept. 1, 1995.  Amended by Acts 1997, 75th Leg., ch. 1423, Sec. 5.13, eff. Sept. 1, 1997.|
TX Educ Code § 54.636 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle A - Higher Education in General|Chapter 54 - Tuition and Fees|Subchapter F. Prepaid Higher Education Tuition Program|Section 54.636. Investment of Fund Assets

Sec. 54.636.  INVESTMENT OF FUND ASSETS.  (a)  The board shall invest the assets of the fund.(b)  The board may contract with private professional investment managers to assist the board in investing the assets of the fund.(c)  The board shall develop written investment 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.(d)  The comptroller shall develop a comprehensive plan for the investment of the assets of the fund consistent with the objectives developed by the board under Subsection (c).  The plan shall specify the policies under which the board shall invest the assets of the fund.  The board must approve the plan.(e)  In making investments of the assets of the fund, the board shall exercise the judgment and care, under the circumstances at the time of the investment, that a person of ordinary prudence, discretion, and intelligence would exercise in the management of the person's own affairs, not for speculation but for making a permanent disposition of funds, considering the probable income from the disposition and the probable safety of capital.|Added by Acts 1995, 74th Leg., ch. 1032, Sec. 1, eff. Sept. 1, 1995.  Amended by Acts 1997, 75th Leg., ch. 522, Sec. 7, eff. Sept. 1, 1997.|
TX Educ Code § 54.637 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle A - Higher Education in General|Chapter 54 - Tuition and Fees|Subchapter F. Prepaid Higher Education Tuition Program|Section 54.637. Use of Fund Assets

Sec. 54.637.  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 institutions of higher education or private or independent institutions of higher education on behalf of beneficiaries;  and(3)  make refunds under prepaid tuition contracts.|Added by Acts 1995, 74th Leg., ch. 1032, Sec. 1, eff. Sept. 1, 1995.|
TX Educ Code § 54.6385 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle A - Higher Education in General|Chapter 54 - Tuition and Fees|Subchapter F. Prepaid Higher Education Tuition Program|Section 54.6385. Exemption From Securities Laws

Sec. 54.6385.  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 1995, 74th Leg., ch. 1032, Sec. 1, eff. Sept. 1, 1995.  Amended by Acts 2001, 77th Leg., ch. 1091, Sec. 4.01, eff. Sept. 1, 2001.Amended by: Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171), Sec. 2.07, eff. January 1, 2022.|
TX Educ Code § 54.639 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle A - Higher Education in General|Chapter 54 - Tuition and Fees|Subchapter F. Prepaid Higher Education Tuition Program|Section 54.639. Exemption From Creditors' Claims

Sec. 54.639.  EXEMPTION FROM CREDITORS' CLAIMS.  (a)  Money in the fund is exempt from claims of creditors, including claims of creditors of a purchaser, a beneficiary, or a successor in interest of a purchaser or beneficiary.(b)  The rights of a purchaser, beneficiary, or successor in interest of a purchaser or beneficiary in and under a prepaid tuition contract and the payment of tuition and required fees for a beneficiary under a prepaid tuition contract to an institution of higher education or a private or independent institution of higher education under this chapter are exempt from attachment, levy, garnishment, execution, and seizure for the satisfaction of any debt, judgment, or claim against a purchaser, beneficiary, or successor in interest of a purchaser or beneficiary.(c)  A claim or judgment against a purchaser, beneficiary, or a successor in interest of a purchaser or beneficiary does not impair or entitle the claim or judgment holder to assert or enforce a lien against:(1)  the rights of a purchaser, beneficiary, or successor in interest of a purchaser or beneficiary in and under a prepaid tuition contract;  or(2)  the right of a beneficiary to the payment of tuition and required fees to an institution of higher education or a private or independent institution of higher education under a prepaid tuition contract.|Added by Acts 1995, 74th Leg., ch. 1032, Sec. 1, eff. Sept. 1, 1995.  Amended by Acts 1997, 75th Leg., ch. 522, Sec. 8, eff. Sept. 1, 1997.|
TX Educ Code § 54.640 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle A - Higher Education in General|Chapter 54 - Tuition and Fees|Subchapter F. Prepaid Higher Education Tuition Program|Section 54.640. Actuarial Soundness of Fund

Sec. 54.640.  ACTUARIAL SOUNDNESS OF FUND.  (a)  The board shall administer the fund in a manner that is sufficiently actuarially sound to pay the costs of program administration and operations and meet the obligations of the program.(b)  The board shall annually evaluate the actuarial soundness of the fund.(c)  The board may adjust the terms of subsequent prepaid tuition contracts as necessary to ensure the actuarial soundness of the fund.|Added by Acts 1995, 74th Leg., ch. 1032, Sec. 1, eff. Sept. 1, 1995.|
TX Educ Code § 54.6401 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle A - Higher Education in General|Chapter 54 - Tuition and Fees|Subchapter F. Prepaid Higher Education Tuition Program|Section 54.6401. Compliance With Limits on Contributions and Withdrawals

Sec. 54.6401.  COMPLIANCE WITH LIMITS ON CONTRIBUTIONS AND WITHDRAWALS.  The board shall monitor contributions to and withdrawals from the fund and any account within the fund to ensure that any applicable limits on contributions or withdrawals are not exceeded.|Added by Acts 2001, 77th Leg., ch. 1250, Sec. 5, eff. June 15, 2001.|
TX Educ Code § 54.641 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle A - Higher Education in General|Chapter 54 - Tuition and Fees|Subchapter F. Prepaid Higher Education Tuition Program|Section 54.641. Statement Regarding Status of Prepaid Tuition Contract

Sec. 54.641.  STATEMENT REGARDING STATUS OF PREPAID TUITION CONTRACT.  (a)  Not later than January 31 of each year, the board shall furnish without charge to each purchaser a statement of:(1)  the amount paid by the purchaser under the prepaid tuition contract;(2)  the number of credit hours originally covered by the contract;(3)  the number of credit hours remaining under the contract; and(4)  any other information the board determines by rule is necessary or appropriate.(b)  The board shall furnish a statement complying with Subsection (a) to a purchaser or beneficiary on written request.  The board may charge a reasonable fee for each statement furnished under this subsection.|Added by Acts 1995, 74th Leg., ch. 1032, Sec. 1, eff. Sept. 1, 1995.  Amended by Acts 1997, 75th Leg., ch. 522, Sec. 9, eff. Sept. 1, 1997.Amended by: Acts 2019, 86th Leg., R.S., Ch. 903 (H.B. 3655), Sec. 3, eff. June 10, 2019.|