{"data":{"id":"us-tx/tex.-education-code-28.0024","jurisdiction":"us-tx","citation":"Tex. Education Code § 28.0024","heading":"SCHOOL-BASED SAVINGS PROGRAM.","body":"(a) A school district or open-enrollment charter school may establish a school-based savings program to facilitate increased awareness of the importance of saving for higher education and facilitate personal financial literacy instruction. A district or school may offer the program in conjunction with a personal financial literacy course under Section 28.0021.\n(b) A school-based savings program may, through partnerships with appropriate institutions, promote:\n(1) general savings, by offering savings accounts or certificates of deposit through partner financial institutions; or\n(2) savings dedicated for higher education, by offering through partner institutions the following accounts or bonds the primary purpose of which must be to pay expenses associated with higher education:\n(A) an account authorized under Section 529, Internal Revenue Code of 1986;\n(B) a Coverdell education savings account established under 26 U.S.C. Section 530;\n(C) a certificate of deposit;\n(D) a savings account; and\n(E) a Series I savings bond.\n(c) A district or school establishing a program under this section:\n(1) shall seek to establish partnerships with appropriate institutions that are able to offer an account or bond under Subsection (b); and\n(2) may seek to establish partnerships with public sector partners, private businesses, nonprofit organizations, and philanthropic organizations in the community.\n(d) A partnership established under Subsection (c) between a district or school and:\n(1) an appropriate institution may allow a student in the program or the student and an adult in the student's family jointly to have an opportunity to establish an account or purchase a bond under Subsection (b); and\n(2) an appropriate institution, public sector partner, private business, or nonprofit or philanthropic organization may provide:\n(A) a structure for the management of the program; and\n(B) incentives that encourage contribution to a school-based account or purchase of a bond under Subsection (b), including incentives that provide matching funds or seed funding.\nAdded by Acts 2015, 84th Leg., R.S., Ch. 1265 (H.B. 3987), Sec. 1, eff. June 20, 2015.","path":["EDUCATION CODE","TITLE 2. PUBLIC EDUCATION","SUBTITLE F. CURRICULUM, PROGRAMS, AND SERVICES","CHAPTER 28. COURSES OF STUDY; ADVANCEMENT","SUBCHAPTER A. ESSENTIAL KNOWLEDGE AND SKILLS; CURRICULUM"],"source_url":"https://statutes.capitol.texas.gov/Docs/ED/htm/ED.28.htm#28.0024","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:05Z","sha256":"9952d15c700000f23ef3ef776fa0c2fc8296765722985b3ce778463e9248f78b","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-education-code-28.0023","next":"us-tx/tex.-education-code-28.0027"},"notice":"GroundRules: Original legal text. Not legal advice."}