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Tex. Education Code § 54.906

TREATMENT OF ASSETS

Texas · Texas Education Code · Status: effective

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Tex. Education Code § 54.906, TREATMENT OF ASSETS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/637360
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(a) The assets of the ABLE program shall at all times be preserved, invested, and spent only for the purposes provided by this subchapter and in accordance with the participation agreements entered into under this subchapter. (b) Except as provided by Section 529A, Internal Revenue Code, the state does not have a property right in the assets of the ABLE program.