{"data":{"id":"us-tx/tex.-education-code-54.755","jurisdiction":"us-tx","citation":"Tex. Education Code § 54.755","heading":"PREPAID TUITION CONTRACT.","body":"(a) The board shall adopt a form for a prepaid tuition contract to be used by the board and purchasers.\n(b) A prepaid tuition contract must:\n(1) specify the terms under which the purchaser must pay any amounts owed under the contract;\n(2) specify the consequences of default;\n(3) specify the name and date of birth of the beneficiary under the contract and the terms under which another person may be substituted as the beneficiary;\n(4) specify the date the beneficiary is projected to graduate from high school; and\n(5) contain any other provisions the board considers necessary or appropriate.\n(c) A prepaid tuition contract may provide for the purchase of additional tuition units in subsequent years at the then-current price of the additional units.\nAdded by Acts 2007, 80th Leg., R.S., Ch. 1281 (H.B. 3900), Sec. 1, eff. June 15, 2007.","path":["EDUCATION CODE","TITLE 3. HIGHER EDUCATION","SUBTITLE A. HIGHER EDUCATION IN GENERAL","CHAPTER 54. TUITION AND FEES","SUBCHAPTER H. PREPAID TUITION UNIT UNDERGRADUATE EDUCATION PROGRAM: TEXAS TOMORROW FUND II"],"source_url":"https://statutes.capitol.texas.gov/Docs/ED/htm/ED.54.htm#54.755","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:05Z","sha256":"3d9c44c9667cf3e7a2c4850e5ad6b86b5dfa6a87c17aecfb103f6ba2d0f2c1c6","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-education-code-54.754","next":"us-tx/tex.-education-code-54.756"},"notice":"GroundRules: Original legal text. Not legal advice."}