Sec. 54.637. USE OF FUND ASSETS. The assets of the fund may be used only to:
(1) pay the costs of program administration and operations;
(2) make payments to institutions of higher education or private or independent institutions of higher education on behalf of beneficiaries; and
(3) make refunds under prepaid tuition contracts.
Added by Acts 1995, 74th Leg., ch. 1032, Sec. 1, eff. Sept. 1, 1995.
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