34 Tex. Admin. Code § 7.43 - Administrative Fees
(a) The board shall
adopt an administrative fee schedule to cover costs of administration of the
program.
(b) Fees adopted by the
board shall reflect the intent to make the program self-supporting and to
maintain the actuarial soundness of the fund. The fees may include the
following:
(1) a nonrefundable application
fee of $50 collected at the time the application is submitted;
(2) a termination fee of $25 assessed upon
the termination of a contract by the purchaser to allow reimbursement of the
board's estimated expenses in terminating the contract;
(3) a change of beneficiary fee of $50
assessed in connection with a request to substitute beneficiaries under the
plan;
(4) a change in purchaser fee
of $20 assessed for assignment of contract rights and obligations to another
purchaser;
(5) a benefits transfer
fee of $25 deducted from payments when funds are used for out-of-state
tuition;
(6) an account maintenance
fee of $3.00 on monthly installment accounts and $20 on lump sum accounts for
servicing accounts;
(7) a fee of
$15 for changes in the mode of payment or payment schedule requested by a
purchaser;
(8) a late fee of $10
assessed for payments made past the due date;
(9) an insufficient funds fee of $20 assessed
for all payments returned for insufficient funds;
(10) an improper notice fee of $25 assessed
for failure to provide timely notice of the intent to use contract
benefits;
(11) replacement of
coupon books and other contract related documents;
(12) a fee for application of program
benefits to proprietary school tuition and fees in an amount established by the
board; and
(13) other
administrative fees established by the board.
(c) Where applicable, charges for copies of
public records shall be assessed at the rates established by the General
Services Commission pursuant to the Government Code, §
552.261, and
consistent with similar charges assessed for public records by the Office of
the Comptroller.
Notes
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