Texas Education Code 54.767 – Use of Fund Assets
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Texas Education Code 54.767
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
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.