Texas § ED.54.804 - LIMITATIONS
Full text of Texas The Texas Constitution § ED.54.804 — LIMITATIONS, with citation guidance and answers to common questions.
§ ED.54.804. LIMITATIONS
LIMITATIONS. A matching account established by the board or program entity on behalf of a beneficiary under this subchapter is forfeited and reverts to the board or program entity on the occurrence of any of the following: (1) the 10th anniversary of the date the beneficiary is projected to graduate from high school, as indicated by the purchaser in the enrollment contract, except that time spent by the beneficiary as an active duty member of the United States armed services tolls the period described by this subdivision; (2) a change of beneficiary by the account owner or purchaser of the matched account; (3) a contract cancellation of the matched account and refund request; (4) the successful completion by the beneficiary of an associate or bachelor's degree program; (5) transfer of the matched account to another qualified tuition program of any state that meets the requirements of Section 529, Internal Revenue Code of 1986; or (6) any other event the board or program entity determines would be inconsistent with the program's purposes. Added by Acts 2011, 82nd Leg., R.S., Ch. 1186 (H.B. 3708 ), Sec. 3, eff. June 17, 2011.
Frequently Asked Questions About Texas § ED.54.804
What does The Texas Constitution § ED.54.804 cover?
Section ED.54.804 ("LIMITATIONS") 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.54.804?
A common citation format is "The Texas Constitution § ED.54.804" (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.54.804 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.