Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Education Code § 54.640: ACTUARIAL SOUNDNESS OF FUND.

Where this section sits in the code

EDUCATION CODE
TITLE 3. HIGHER EDUCATION
SUBTITLE A. HIGHER EDUCATION IN GENERAL
CHAPTER 54. TUITION AND FEES
SUBCHAPTER F. PREPAID HIGHER EDUCATION TUITION PROGRAM

(a) The board shall administer the fund in a manner that is sufficiently actuarially sound to pay the costs of program administration and operations and meet the obligations of the program.

(b) The board shall annually evaluate the actuarial soundness of the fund.

(c) The board may adjust the terms of subsequent prepaid tuition contracts as necessary to ensure the actuarial soundness of the fund.

Added by Acts 1995, 74th Leg., ch. 1032, Sec. 1, eff. Sept. 1, 1995.

Collected 2026-08-27T01:47:05Z. Source file · JSON

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