Texas Administrative Code

Texas Administrative Code

TITLE 34	PUBLIC FINANCE
PART 1	COMPTROLLER OF PUBLIC ACCOUNTS
CHAPTER 7	PREPAID HIGHER EDUCATION TUITION PROGRAM
SUBCHAPTER E	APPLICATION, ENROLLMENT, PAYMENT, AND FEES
RULE §7.43	Administrative Fees

(a) The board shall adopt an administrative fee schedule to cover costs of administration of the program.

(b) Fees adopted by the board shall reflect the intent to make the program self-supporting and to maintain the actuarial soundness of the fund. The fees may include the following:

(1) a nonrefundable application fee of $50 collected at the time the application is submitted;

(2) a termination fee of $25 assessed upon the termination of a contract by the purchaser to allow reimbursement of the board's estimated expenses in terminating the contract;

(3) a change of beneficiary fee of $50 assessed in connection with a request to substitute beneficiaries under the plan;

(4) a change in purchaser fee of $20 assessed for assignment of contract rights and obligations to another purchaser;

(5) a benefits transfer fee of $25 deducted from payments when funds are used for out-of-state tuition;

(6) an account maintenance fee of $3.00 on monthly installment accounts and $20 on lump sum accounts for servicing accounts;

(7) a fee of $15 for changes in the mode of payment or payment schedule requested by a purchaser;

(8) a late fee of $10 assessed for payments made past the due date;

(9) an insufficient funds fee of $20 assessed for all payments returned for insufficient funds;

(10) an improper notice fee of $25 assessed for failure to provide timely notice of the intent to use contract benefits;

(11) replacement of coupon books and other contract related documents;

(12) a fee for application of program benefits to proprietary school tuition and fees in an amount established by the board; and

(13) other administrative fees established by the board.

(c) Where applicable, charges for copies of public records shall be assessed at the rates established by the General Services Commission pursuant to the Government Code, §552.261, and consistent with similar charges assessed for public records by the Office of the Comptroller.

Source Note: The provisions of this §7.43 adopted to be effective January 8, 1996, 20 TexReg 11124; amended to be effective December 3, 1997, 22 TexReg 11716; amended to be effective January 3, 1999, 23 TexReg 13103; amended to be effective February 16, 2000, 25 TexReg 1123