Sec. 54.801. DEFINITIONS. In this subchapter:
(1) "Accredited out-of-state institution of higher education," "career school," "general academic teaching institution," "private or independent institution of higher education," and "two-year institution of higher education" have the meanings assigned by Section 54.751.
(2) "Beneficiary" means a beneficiary on whose behalf a purchaser enters into a prepaid tuition contract with the board under Subchapter H or for whom a savings trust account is opened under Subchapter G.
(3) "Board" means the Prepaid Higher Education Tuition Board.
(4) "Fund" means the Texas save and match trust fund established under Section 54.808.
(5) "Program" means the Texas Save and Match Program established under this subchapter.
(6) "Program entity" means the Texas Match the Promise Foundation, a Texas nonprofit corporation, or any other tax-exempt charitable organization established by law to implement the program.
Added by Acts 2011, 82nd Leg., R.S., Ch. 1186 (H.B. 3708), Sec. 3, eff. June 17, 2011.
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