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Current as of January 01, 2024 | Updated by Findlaw Staff
(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.
Cite this article: FindLaw.com - Texas Education Code - EDUC § 54.916. Termination or Modification of Program - last updated January 01, 2024 | https://codes.findlaw.com/tx/education-code/educ-sect-54-916/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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