us-tx/regs
34 Tex. Admin. Code § 7.139 — Actuarial Soundness of Fund
(a)
The board will administer the fund in a manner that is sufficiently actuarially sound to pay the costs of program administration and operations and to meet the obligations of the program.
(b)
The board will annually evaluate the actuarial soundness of the fund.
(c)
The board may adjust the terms of subsequent prepaid tuition contracts as necessary to ensure the actuarial soundness of the fund.
Source Note: The provisions of this §7.139 adopted to be effective August 27, 2008, 33 TexReg 6957.
Source: official text