Tex. Education Code § 54.640
This is the official text of Tex. Education Code § 54.640, part of Texas’s Education Code — governs public schools and universities in Texas.
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§ 54.640. ACTUARIAL SOUNDNESS OF FUND.
Official statutory text
(a) The board shall administer the fund in a manner that is sufficiently actuarially sound to pay the costs of program administration and operations and meet the obligations of the program.
(b) The board shall annually evaluate the actuarial soundness of the fund.
(c) The board may adjust the terms of subsequent prepaid tuition contracts as necessary to ensure the actuarial soundness of the fund.
(b) The board shall annually evaluate the actuarial soundness of the fund.
(c) The board may adjust the terms of subsequent prepaid tuition contracts as necessary to ensure the actuarial soundness of the fund.
Status: in_force · Read it on the official government site
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