Texas Education Code 54.807 – Pilot Projects Under Program
Terms Used In Texas Education Code 54.807
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
To fulfill the intent of the program, the board may use funds described by § 54.802(a)(2) to establish pilot projects under the program in an effort to incentivize participation in the higher education savings program under Subchapter G and the prepaid tuition unit undergraduate education program under Subchapter H, including projects that incentivize participation by:
(1) awarding additional matching grants based on a beneficiary‘s achievement of specified academic goals;
(2) providing initial matching grants and paying application fees;
(3) providing incentives for employers to contribute matching funds to the program; and
(4) creating a program information portal designed to increase program awareness and accessibility among school districts, parents, and students.