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Texas Education Code - EDUC § 54.703. Operation of Plan;  Accounts Held in Trust

Current as of January 01, 2024 | Updated by Findlaw Staff

(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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Cite this article: FindLaw.com - Texas Education Code - EDUC § 54.703. Operation of Plan;  Accounts Held in Trust - last updated January 01, 2024 | https://codes.findlaw.com/tx/education-code/educ-sect-54-703/

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