Bill Text: TX HB2668 | 2019-2020 | 86th Legislature | Enrolled
Bill Title: 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.
Spectrum: Slight Partisan Bill (Republican 2-1)
Status: (Passed) 2019-06-10 - Effective on 9/1/19 [HB2668 Detail]
Download: Texas-2019-HB2668-Enrolled.html
H.B. No. 2668 |
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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 |