34 Tex. Admin. Code § 7.163 - Texas Save and Match Program Administration
(a) The board, in cooperation with the
program entity, administers the Texas Save and Match Program, under which money
contributed to a savings trust account by an account owner or paid by a
purchaser under a prepaid tuition contract on behalf of an eligible beneficiary
may be matched with:
(1) contributions made
by any person to the program entity for use in making additional savings trust
account contributions for a beneficiary or in purchasing additional tuition
units for a beneficiary under a prepaid tuition contract; or
(2) money appropriated by the legislature for
the program or received under Education Code, §
54.802(a)(7)
to be used by the board to make additional savings trust account contributions
for a beneficiary or to purchase additional tuition units for a beneficiary
under a prepaid tuition contract.
(b) The program entity may select recipients
of match accounts awarded under subsection (a)(1) of this section. The board
may select recipients of match accounts awarded under subsection (a)(2) of this
section.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.