Tex. Education Code § 54.906
This is the official text of Tex. Education Code § 54.906, part of Texas’s Education Code — governs public schools and universities in Texas.
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§ 54.906. TREATMENT OF ASSETS.
Official statutory text
(a) The assets of the ABLE program shall at all times be preserved, invested, and spent only for the purposes provided by this subchapter and in accordance with the participation agreements entered into under this subchapter.
(b) Except as provided by Section 529A, Internal Revenue Code, the state does not have a property right in the assets of the ABLE program.
(b) Except as provided by Section 529A, Internal Revenue Code, the state does not have a property right in the assets of the ABLE program.
Status: in_force · Read it on the official government site
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