{"data":{"id":"us-tx/tex.-education-code-54.909","jurisdiction":"us-tx","citation":"Tex. Education Code § 54.909","heading":"USE OF FUND ASSETS.","body":"The assets of the program may only be used to:\n(1) make distributions to designated beneficiaries;\n(2) pay the costs of program administration and operations;\n(3) make refunds for cancellations, excess contributions, liquidation under Section 54.908(d), and death, in accordance with a computation method determined by the board;\n(4) roll over funds to another ABLE account to the extent authorized by Section 529A, Internal Revenue Code; and\n(5) make distributions to the state as authorized by Section 529A, Internal Revenue Code.\nAdded by Acts 2015, 84th Leg., R.S., Ch. 1213 (S.B. 1664), Sec. 2, eff. June 19, 2015.","path":["EDUCATION CODE","TITLE 3. HIGHER EDUCATION","SUBTITLE A. HIGHER EDUCATION IN GENERAL","CHAPTER 54. TUITION AND FEES","SUBCHAPTER J. TEXAS ACHIEVING A BETTER LIFE EXPERIENCE (ABLE) PROGRAM"],"source_url":"https://statutes.capitol.texas.gov/Docs/ED/htm/ED.54.htm#54.909","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:05Z","sha256":"ca99bba8bb02cdf93cde933ff5e78e69211e18d304b086e479dc0ca496bc6e0c","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-education-code-54.9085","next":"us-tx/tex.-education-code-54.910"},"notice":"GroundRules: Original legal text. Not legal advice."}