H.B. No. 2668
AN ACT
relating to the dissolution of a direct-support organization
established by the Prepaid Higher Education Tuition Board and the
transfer of funds related to prepaid higher education tuition
scholarships to the Texas Match the Promise Foundation or a
successor entity.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 54.633, Education Code, is amended by
adding Subsection (n) to read as follows:
(n) The comptroller may dissolve a direct-support
organization established under Subsection (e) if the comptroller
determines that the purpose of the organization has been
substantially complied with and orders the dissolution. On
dissolution of the organization, title to all funds and property
held by the organization is transferred to the Texas Match the
Promise Foundation or a successor entity.
SECTION 2. This Act takes effect September 1, 2019.
______________________________ ______________________________
President of the Senate Speaker of the House
I certify that H.B. No. 2668 was passed by the House on April
30, 2019, by the following vote: Yeas 138, Nays 3, 1 present, not
voting.
______________________________
Chief Clerk of the House
I certify that H.B. No. 2668 was passed by the Senate on May
22, 2019, by the following vote: Yeas 31, Nays 0.
______________________________
Secretary of the Senate
APPROVED: _____________________
Date
_____________________
Governor