Texas § ED.54.756 - PURCHASER
Full text of Texas The Texas Constitution § ED.54.756 — PURCHASER, with citation guidance and answers to common questions.
§ ED.54.756. PURCHASER
PURCHASER; BENEFICIARY. (a) A purchaser may be any person who is permitted to be a purchaser under Section 529, Internal Revenue Code of 1986. The purchaser is not required to be a resident of this state, except as provided by Subsection (c)(2). (b) In accordance with applicable provisions of Section 529, Internal Revenue Code of 1986, a purchaser is the owner of the account to which the purchaser's prepaid tuition contract money is assigned. (c) At the time the purchaser enters into a prepaid tuition contract, the beneficiary of the contract must be: (1) a resident of this state at the time the purchaser enters into the contract; or (2) a nonresident who is the child of a parent who is a resident of this state at the time that parent enters into the contract. (d) For purposes of Subsection (c), the board may require a reasonable period of residence in this state for a beneficiary or the parent of a beneficiary. (e) Notwithstanding any provision of Subchapter B, the tuition and required fees charged by a general academic teaching institution or two-year institution of higher education that are paid for with tuition units shall be determined as if the beneficiary of that contract were a resident student. Added by Acts 2007, 80th Leg., R.S., Ch. 1281 (H.B. 3900 ), Sec. 1, eff. June 15, 2007.
Frequently Asked Questions About Texas § ED.54.756
What does The Texas Constitution § ED.54.756 cover?
Section ED.54.756 ("PURCHASER") 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.54.756?
A common citation format is "The Texas Constitution § ED.54.756" (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.54.756 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.