34 Tex. Admin. Code § 7.1 - General Statement of Purpose
(a) Pursuant to the
Education Code, Chapter 54, Subchapter F, the Prepaid Higher Education Tuition
Board is responsible for developing the Prepaid Higher Education Tuition
Program to increase access to higher education for Texas families. The program
will provide a mechanism through which the cost of tuition and required fees
may be paid in advance of enrollment in an institution of higher education or a
private or independent institution of higher education. Promulgation of these
rules will inform the public and provide an orderly procedure to accomplish the
responsibilities provided by law.
(b) Higher Education Savings Plan.
(1) The board develops, implements, and
administers the higher education savings plan under Education Code, §
54.602(b)
and Education Code, Chapter 54, Subchapter G.
(2) The higher education savings plan enables
individuals to contribute to an account that is established for the purpose of
meeting the qualified higher education expenses of a beneficiary.
(3) This subchapter and subchapter K of this
chapter inform the public about the savings plan.
(c) Prepaid Tuition Unit Undergraduate
Education Program: Texas Tomorrow Fund II.
(1) The board develops, implements, and
administers the prepaid tuition unit undergraduate education program under
Education Code, Chapter 54, Subchapter H.
(2) The prepaid tuition unit undergraduate
education program enables individuals to enter into a prepaid tuition contract
with the board on behalf of a beneficiary for the purchase of one or more
tuition units that the beneficiary is entitled to apply to the payment of the
beneficiary's undergraduate tuition and required fees at an eligible
educational institution.
(3) This
subchapter and Subchapter L of this chapter inform the public about the prepaid
tuition unit undergraduate education program.
(d) Board. This chapter provides an orderly
procedure to accomplish the board's responsibilities.
Notes
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