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, career schools, and accredited out-of-state institutions of higher education 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.
Section: Previous 54.760 54.761 54.762 54.763 54.764 54.765 54.766 54.767 54.7671 54.768 54.769 54.770 54.771 54.772 54.773 NextLast modified: September 28, 2016