Texas Statutes
§ 54.703 — OPERATION OF PLAN; ACCOUNTS HELD IN TRUST.
Texas § 54.703
JurisdictionTexas
Code EDEducation Code
This text of Texas § 54.703 (OPERATION OF PLAN; ACCOUNTS HELD IN TRUST.) 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. § 54.703 (2026).
Text
Sec. 54.703. OPERATION OF PLAN; ACCOUNTS HELD IN TRUST.
(a)The board shall administer a higher education savings plan to enable individuals to save money for the qualified higher education expenses of an individual by establishing a savings trust account in the plan.
(b)Money contributed to a savings trust account and earnings on the account are held in trust by the board for the sole benefit of the account owner and beneficiary.
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Legislative History
Added by Acts 2001, 77th Leg., ch. 1250, Sec. 1, eff. June 15, 2001.
Nearby Sections
15
§ 54.001
DEFINITIONS.§ 54.002
APPLICABILITY OF CHAPTER.§ 54.004
RETENTION AND USE OF FUNDS.§ 54.005
RIGHT TO COLLECT SPECIAL FEES.§ 54.006
REFUND OR ADJUSTMENT OF TUITION AND MANDATORY FEES FOR DROPPED COURSES AND STUDENT WITHDRAWALS.§ 54.0071
AUTHORITY OF INSTITUTION TO PROVIDE PAYMENT OPTIONS FOR STUDENT WITH DELAYED FINANCIAL AID.§ 54.010
REDUCTION IN TUITION.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 54.703, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/ED/54.703.