34 Tex. Admin. Code § 7.139 - Actuarial Soundness of Fund
(a) The
board will administer the fund in a manner that is sufficiently actuarially
sound to pay the costs of program administration and operations and to meet the
obligations of the program.
(b) The
board will annually evaluate the actuarial soundness of the fund.
(c) The board may adjust the terms of
subsequent prepaid tuition contracts as necessary to ensure the actuarial
soundness of the fund.
Notes
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