Texas Education Code 54.637 – Use of Fund Assets
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Terms Used In Texas Education Code 54.637
- 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 institutions of higher education or private or independent institutions of higher education on behalf of beneficiaries; and
(3) make refunds under prepaid tuition contracts.