{"data":{"id":"us-tx/tex.-education-code-54.756","jurisdiction":"us-tx","citation":"Tex. Education Code § 54.756","heading":"PURCHASER; BENEFICIARY.","body":"(a) A purchaser may be any person who is permitted to be a purchaser under Section 529, Internal Revenue Code of 1986. The purchaser is not required to be a resident of this state, except as provided by Subsection (c)(2).\n(b) In accordance with applicable provisions of Section 529, Internal Revenue Code of 1986, a purchaser is the owner of the account to which the purchaser's prepaid tuition contract money is assigned.\n(c) At the time the purchaser enters into a prepaid tuition contract, the beneficiary of the contract must be:\n(1) a resident of this state at the time the purchaser enters into the contract; or\n(2) a nonresident who is the child of a parent who is a resident of this state at the time that parent enters into the contract.\n(d) For purposes of Subsection (c), the board may require a reasonable period of residence in this state for a beneficiary or the parent of a beneficiary.\n(e) Notwithstanding any provision of Subchapter B, the tuition and required fees charged by a general academic teaching institution or two-year institution of higher education that are paid for with tuition units shall be determined as if the beneficiary of that contract were a resident student.\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#54.756","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:05Z","sha256":"3aa5d4cf936669f92803f1c833d401ab982409121ba064a88af442b75869c4f8","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-education-code-54.755","next":"us-tx/tex.-education-code-54.757"},"notice":"GroundRules: Original legal text. Not legal advice."}