| (a) The board, in cooperation with the program entity,
administers the Texas Save and Match Program, under which money contributed
to a savings trust account by an account owner or paid by a purchaser
under a prepaid tuition contract on behalf of an eligible beneficiary
may be matched with:
(1) contributions made by any person to the program
entity for use in making additional savings trust account contributions
for a beneficiary or in purchasing additional tuition units for a
beneficiary under a prepaid tuition contract; or
(2) money appropriated by the legislature for the program
or received under Education Code, §54.802(a)(7) to be used by
the board to make additional savings trust account contributions for
a beneficiary or to purchase additional tuition units for a beneficiary
under a prepaid tuition contract.
(b) The program entity may select recipients of match
accounts awarded under subsection (a)(1) of this section. The board
may select recipients of match accounts awarded under subsection (a)(2)
of this section.
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