- (a) The board will administer the fund in a manner that is sufficiently actuarially sound to pay the costs of program administration and operations and to meet the obligations of the program.
- (b) The board will annually evaluate the actuarial soundness of the fund.
- (c) The board may adjust the terms of subsequent prepaid tuition contracts as necessary to ensure the actuarial soundness of the fund.
Source Note:The provisions of this §7.139 adopted to be effective August 27, 2008, 33 TexReg 6957.