Texas Education Code 54.763 – Refund
Current as of: 2024 | Check for updates
|
Other versions
(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.
Terms Used In Texas Education Code 54.763
- Contract: A legal written agreement that becomes binding when signed.
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
(c) The board shall determine the method by which the amount of the refund is computed.