Texas § 54.916 TERMINATION OR MODIFICATION OF PROGRAM.

Texas Statutes

§ 54.916 — TERMINATION OR MODIFICATION OF PROGRAM.

Texas § 54.916

Code EDEducation Code

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Bluebook

Tex. Education Code Code Ann. § 54.916 (2026).

Text

Sec. 54.916. TERMINATION OR MODIFICATION OF PROGRAM.

(a)If the comptroller determines that the ABLE program is not financially feasible, the comptroller shall notify the governor and the legislature and recommend that the board not administer an ABLE program or that the program be modified or terminated. The program may be terminated only by the legislature.

(b)If the comptroller determines that the ABLE program is not financially feasible, the board may adjust the terms of participation agreements as necessary to ensure the financial feasibility of the program.

(c)If the legislature terminates the ABLE program, the balance of each ABLE account shall be paid to the participant, to the extent possible.

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Sec. 54.916. TERMINATION OR MODIFICATION OF PROGRAM. (a) If the comptroller determines that the ABLE program is not financially feasible, the comptroller shall notify the governor and the legislature and recommend that the board not administer an ABLE program or that the program be modified or terminated. The program may be terminated only by the legislature.
(b) If the comptroller determines that the ABLE program is not financially feasible, the board may adjust the terms of participation agreements as necessary to ensure the financial feasibility of the program.
(c) If the legislature terminates the ABLE program, the balance of each ABLE account shall be paid to the participant, to the extent possible.