Texas § ED.54.915 - PROGRAM LIMITATIONS
Full text of Texas The Texas Constitution § ED.54.915 — PROGRAM LIMITATIONS, with citation guidance and answers to common questions.
§ ED.54.915. PROGRAM LIMITATIONS
PROGRAM LIMITATIONS. (a) Nothing in this subchapter or in any participation agreement entered into under this subchapter may be construed to guarantee that amounts saved under the program will be sufficient to cover the qualified disability expenses of a designated beneficiary. (b) Nothing in this subchapter or in any participation agreement entered into under this subchapter may be construed to create any obligation of the state, any agency or instrumentality of the state, or a plan manager to guarantee for the benefit of a participant: (1) the return of any amount contributed to an account; (2) the rate of interest or other return on an account; or (3) the payment of interest or other return on an account. (c) The board by rule shall require that informational materials used in connection with a contribution to an ABLE account clearly indicate that the account is not insured by this state and that neither the principal deposited nor the investment return is guaranteed by the state. Added by Acts 2015, 84th Leg., R.S., Ch. 1213 (S.B. 1664 ), Sec. 2, eff. June 19, 2015.
Frequently Asked Questions About Texas § ED.54.915
What does The Texas Constitution § ED.54.915 cover?
Section ED.54.915 ("PROGRAM 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.54.915?
A common citation format is "The Texas Constitution § ED.54.915" (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.54.915 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.