Education Code § 54.772 — United States — Texas law | Esheria

Education Code § 54.772

This section requires certain prepaid tuition contract payments to be made in cash or cash equivalent, limits overpayments, requires the board to keep separate beneficiary accounts, bars purchasers and beneficiaries from controlling investments or using contract interests as loan security, and requires reports to the U

Jurisdiction
United States — Texas
Instrument
Code
Version
Undated source snapshot
Language
en
Official source
View official record ↗
fund accounting prepaid tuition contracts tax exempt status

Statute overview

About this statute

This section requires certain prepaid tuition contract payments to be made in cash or cash equivalent, limits overpayments, requires the board to keep separate beneficiary accounts, bars purchasers and beneficiaries from controlling investments or using contract interests as loan security, and requires reports to the U.S. Treasury Secretary.

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