Texas § 54.755 PREPAID TUITION CONTRACT.

Texas Statutes

§ 54.755 — PREPAID TUITION CONTRACT.

Texas § 54.755

Code EDEducation Code

This text of Texas § 54.755 (PREPAID TUITION CONTRACT.) 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. § 54.755 (2026).

Text

Sec. 54.755. PREPAID TUITION CONTRACT.

(a)The board shall adopt a form for a prepaid tuition contract to be used by the board and purchasers.

(b)A prepaid tuition contract must:

(1)specify the terms under which the purchaser must pay any amounts owed under the contract;

(2)specify the consequences of default;

(3)specify the name and date of birth of the beneficiary under the contract and the terms under which another person may be substituted as the beneficiary;

(4)specify the date the beneficiary is projected to graduate from high school; and

(5)contain any other provisions the board considers necessary or appropriate.

(c)A prepaid tuition contract may provide for the purchase of additional tuition units in subsequent years at the then-current price of the additional units.

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Sec. 54.755. PREPAID TUITION CONTRACT. (a) The board shall adopt a form for a prepaid tuition contract to be used by the board and purchasers.
(b) A prepaid tuition contract must:
(1) specify the terms under which the purchaser must pay any amounts owed under the contract;
(2) specify the consequences of default;
(3) specify the name and date of birth of the beneficiary under the contract and the terms under which another person may be substituted as the beneficiary;
(4) specify the date the beneficiary is projected to graduate from high school; and
(5) contain any other provisions the board considers necessary or appropriate.
(c) A prepaid tuition contract may provide for the purchase of additional tuition units in subsequent years at the then-current price of the additional units.