Texas § 54.632 REFUND.

Texas Statutes

§ 54.632 — REFUND.

Texas § 54.632

Code EDEducation Code

This text of Texas § 54.632 (REFUND.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Education Code Code Ann. § 54.632 (2026).

Text

Sec. 54.632. REFUND.

(a)A prepaid tuition contract shall specify:

(1)the name of the person entitled to any refund if the contract is terminated;

(2)the terms under which a person is entitled to a refund; and

(3)the method by which the amount of the refund is calculated.

(b)The person named in the contract is entitled to a refund following termination of a prepaid tuition contract.

(c)The board shall determine the method by which the amount of the refund is calculated.

(d)The board shall comply with Section 529 of the Internal Revenue Code of 1986 in imposing penalties for refunds and excess amounts payable under Sections 54.619 (d) and (e).

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Sec. 54.632. REFUND. (a) A prepaid tuition contract shall specify:
(1) the name of the person entitled to any refund if the contract is terminated;
(2) the terms under which a person is entitled to a refund; and
(3) the method by which the amount of the refund is calculated.
(b) The person named in the contract is entitled to a refund following termination of a prepaid tuition contract.
(c) The board shall determine the method by which the amount of the refund is calculated.
(d) The board shall comply with Section 529 of the Internal Revenue Code of 1986 in imposing penalties for refunds and excess amounts payable under Sections 54.619 (d) and (e).