Part I.
Comptroller of Public Accounts
Chapter 7.
Prepaid Higher Education Tuition Program
Subchapter I. Refunds, Termination
34 TAC §7.81
The Comptroller of Public Accounts adopts an amendment to
§7.81, concerning the administration of the prepaid higher education
tuition program, without changes to the proposed text as published in the
May 7, 1999, issue of the
Texas Register
(24
TexReg 3461).
These changes are proposed to conform certain provisions requested by the
Internal Revenue Service in connection with the Program's application for
a private letter ruling on the Program's tax status.
No comments were received regarding adoption of the amendment.
The amended rule is adopted under the Education Code, §54.618,
which gives the Prepaid Higher Education Tuition Board the authority to adopt
rules to implement Subchapter F, Chapter 54, Education Code.
The amendment implements Education Code, §54.632.
This agency hereby certifies that the adoption has been reviewed
by legal counsel and found to be a valid exercise of the agency's legal authority.
Filed with the Office of the Secretary of State on June
14, 1999.
TRD-9903549
Martin Cherry
Special Counsel
Comptroller of Public Accounts
Effective date: July 4, 1999
Proposal publication date: May 7, 1999
For further information, please call: (512) 463-4062
Chapter 73.
Benefits
Part IV.
Employees Retirement System of Texas