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

2. (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. (1) a nonrefundable application fee collected at the time the application is submitted;
   2. (2) a termination fee assessed upon the termination of a contract by the purchaser which fee shall be in an amount determined by the board to allow reimbursement of the board's estimated expenses in terminating the contract;
   3. (3) a change of beneficiary fee assessed in connection with a request to substitute beneficiaries under the plan;
   4. (4) a change in purchaser fee assessed for assignment of contract rights and obligations to another purchaser;
   5. (5) a benefits transfer fee deducted from payments when funds are used for out-of-state tuition;
   6. (6) an account maintenance fee for servicing accounts;
   7. (7) a fee for changes in the mode of payment or payment schedule requested by a purchaser;
   8. (8) a late fee assessed for payments made past the due date;
   9. (9) an insufficient funds fee assessed for all payments returned for insufficient funds;
   10. (10) an improper notice fee assessed for failure to provide timely notice of the intent to use contract benefits;
   11. (11) replacement of coupon books and other contract related documents; and
   12. (12) other administrative fees established by the board.
3. (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.