Texas Education Code - EDUC § 54.755. Prepaid Tuition Contract

(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.