Texas § ED.54.909 - USE OF FUND ASSETS
Full text of Texas The Texas Constitution § ED.54.909 — USE OF FUND ASSETS, with citation guidance and answers to common questions.
§ ED.54.909. USE OF FUND ASSETS
USE OF FUND ASSETS. The assets of the program may only be used to: (1) make distributions to designated beneficiaries; (2) pay the costs of program administration and operations; (3) make refunds for cancellations, excess contributions, liquidation under Section 54.908 (d), and death, in accordance with a computation method determined by the board; (4) roll over funds to another ABLE account to the extent authorized by Section 529A, Internal Revenue Code; and (5) make distributions to the state as authorized by Section 529A, Internal Revenue Code. Added by Acts 2015, 84th Leg., R.S., Ch. 1213 (S.B. 1664 ), Sec. 2, eff. June 19, 2015.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § ED.54.909
What does The Texas Constitution § ED.54.909 cover?
Section ED.54.909 ("USE OF FUND ASSETS") 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.54.909?
A common citation format is "The Texas Constitution § ED.54.909" (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.54.909 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.