Tex. Education Code § 54.703
This is the official text of Tex. Education Code § 54.703, part of Texas’s Education Code — governs public schools and universities in Texas.
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§ 54.703. OPERATION OF PLAN; ACCOUNTS HELD IN TRUST.
Official statutory text
(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.
(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.
Status: in_force · Read it on the official government site
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