Texas § ED.54.764 - FUND
Full text of Texas The Texas Constitution § ED.54.764 — FUND, with citation guidance and answers to common questions.
§ ED.54.764. FUND
FUND. (a) The Texas tomorrow fund II prepaid tuition unit undergraduate education program fund is established as a trust fund outside of the state treasury. (b) The board shall: (1) deposit in the fund money paid under prepaid tuition contracts; and (2) credit to the fund income earned on that money. (c) The board shall provide for administering the assets of the fund and establishing and administering the accounts of purchasers under prepaid tuition contracts. (d) The board shall provide for assigning payments to the fund to separate accounts for purchasers and may provide for assigning payments to other general accounts as otherwise considered appropriate by the board. (e) The board may provide for acquiring, holding, managing, purchasing, selling, assigning, trading, transferring, or disposing of any security, evidence of indebtedness, or other investment in which the fund's assets may be invested. 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.54.764
What does The Texas Constitution § ED.54.764 cover?
Section ED.54.764 ("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.54.764?
A common citation format is "The Texas Constitution § ED.54.764" (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.54.764 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.