Sec. 1601.3571. BARBER SCHOOL TUITION PROTECTION ACCOUNT. (a) If on January 1 of any year the amount in the barber school tuition protection account is less than $25,000, the department shall collect a fee from each barber school during that year by applying a percentage to the school's renewal fee at a rate that will bring the balance of the account to $25,000.
(b) The comptroller shall invest the account in the same manner as other state funds. Sufficient money from the account shall be appropriated to the department for the purpose of refunding unused tuition if a barber school ceases operation before its course of instruction is complete. The department shall administer claims made against the account.
(c) Attorney's fees, court costs, or damages may not be paid from the account.
(d) The barber school tuition protection account is created as a trust fund with the comptroller, who is custodian of the fund.
Added by Acts 2001, 77th Leg., ch. 246, Sec. 10, eff. Sept. 1, 2001.
Amended by:
Acts 2005, 79th Leg., Ch. 798 (S.B. 411), Sec. 2.23, eff. September 1, 2005.
Last modified: September 28, 2016