Texas Education Code - EDUC § 54.909. Use of Fund Assets

(1) make distributions to designated beneficiaries;

(2) pay the costs of program administration and operations;

(3) make refunds for cancellations, excess contributions, liquidation under Section 54.908(d), and death, in accordance with a computation method determined by the board;

(4) roll over funds to another ABLE account to the extent authorized by Section 529A, Internal Revenue Code;  1 and

(5) make distributions to the state as authorized by Section 529A, Internal Revenue Code.