Texas § ED.54.634 - ESTABLISHMENT OF TRUST FUND
Full text of Texas The Texas Constitution § ED.54.634 — ESTABLISHMENT OF TRUST FUND, with citation guidance and answers to common questions.
§ ED.54.634. ESTABLISHMENT OF TRUST FUND
ESTABLISHMENT OF TRUST FUND; COLLEGE SAVINGS PLAN ACCOUNT. (a) The Texas tomorrow constitutional trust fund is created as a trust fund to be held with the comptroller. The fund consists of: (1) state appropriations for purposes of the fund; (2) money acquired from other governmental or private sources; (3) money paid under prepaid tuition contracts; and (4) the income from money deposited in the fund. (b) The board shall administer the assets of the fund. The board is the trustee of the fund's assets. (c) The board may: (1) segregate contributions and payments to the fund into various accounts; and (2) acquire, hold, manage, purchase, sell, assign, trade, transfer, and dispose of any security, evidence of indebtedness, or other investment in which the fund's assets may be invested. (d) The Texas college savings plan account is created within the Texas tomorrow constitutional trust fund and is financed through administrative fees and service charges as authorized by Section 54.702 (c). Added by Acts 1995, 74th Leg., ch. 1032, Sec. 1, eff. Sept. 1, 1995. Amended by Acts 2001, 77th Leg., ch. 1250, Sec. 4, eff. June 15, 2001.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § ED.54.634
What does The Texas Constitution § ED.54.634 cover?
Section ED.54.634 ("ESTABLISHMENT OF TRUST FUND") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § ED.54.634?
A common citation format is "The Texas Constitution § ED.54.634" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § ED.54.634 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.