Texas § 54.642 REPORTS.

Texas Statutes

§ 54.642 — REPORTS.

Texas § 54.642

Code EDEducation Code

This text of Texas § 54.642 (REPORTS.) 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. § 54.642 (2026).

Text

Sec. 54.642. REPORTS.

(a)Not later than December 1 of each year, the board shall submit to the governor, lieutenant governor, speaker of the house of representatives, Legislative Budget Board, Legislative Audit Committee, and Texas Higher Education Coordinating Board a report including:

(1)the board's fiscal transactions during the preceding fiscal year;

(2)the market and book value of the fund as of the end of the preceding fiscal year;

(3)the asset allocations of the fund expressed in percentages of stocks, fixed income, cash, or other financial investments;

(4)the rate of return on the investment of the fund's assets during the preceding fiscal year; and

(5)an actuarial valuation of the assets and liabilities of the program, including the extent to which the program's liabilities

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Sec. 54.642. REPORTS. (a) Not later than December 1 of each year, the board shall submit to the governor, lieutenant governor, speaker of the house of representatives, Legislative Budget Board, Legislative Audit Committee, and Texas Higher Education Coordinating Board a report including:
(1) the board's fiscal transactions during the preceding fiscal year;
(2) the market and book value of the fund as of the end of the preceding fiscal year;
(3) the asset allocations of the fund expressed in percentages of stocks, fixed income, cash, or other financial investments;
(4) the rate of return on the investment of the fund's assets during the preceding fiscal year; and
(5) an actuarial valuation of the assets and liabilities of the program, including the extent to which the program's liabilities are unfunded.
(b) The board shall make the report described by Subsection (a) available to purchasers of prepaid tuition contracts.
(c) The board shall include in the report described by Subsection (a):
(1) complete prepaid tuition contract sales information, including projected enrollments of beneficiaries at institutions of higher education; and
(2) the information maintained by the board under Section 54.777 .

Legislative History

Added by Acts 1995, 74th Leg., ch. 1032, Sec. 1, eff. Sept. 1, 1995. Amended by: Acts 2013, 83rd Leg., R.S., Ch. 1312 (S.B. 59 ), Sec. 14, eff. September 1, 2013.