PROGRAM LIMITATIONS — Texas Code § ED.54.915
Texas Code § ED.54.915 — PROGRAM LIMITATIONS. Reproduced from the official The Texas Constitution, with a citation summary, verification link, and related provisions.
§ ED.54.915. PROGRAM LIMITATIONS
PROGRAM LIMITATIONS. (a) Nothing in this subchapter or in any participation agreement entered into under this subchapter may be construed to guarantee that amounts saved under the program will be sufficient to cover the qualified disability expenses of a designated beneficiary. (b) Nothing in this subchapter or in any participation agreement entered into under this subchapter may be construed to create any obligation of the state, any agency or instrumentality of the state, or a plan manager to guarantee for the benefit of a participant: (1) the return of any amount contributed to an account; (2) the rate of interest or other return on an account; or (3) the payment of interest or other return on an account. (c) The board by rule shall require that informational materials used in connection with a contribution to an ABLE account clearly indicate that the account is not insured by this state and that neither the principal deposited nor the investment return is guaranteed by the state. Added by Acts 2015, 84th Leg., R.S., Ch. 1213 (S.B. 1664 ), Sec. 2, eff. June 19, 2015.
Source: official Texas text · Last verified 2026-08-27
At a glance
- Citation: The Texas Constitution § ED.54.915
- Jurisdiction: Texas
- Code: The Texas Constitution
- Subject: PROGRAM LIMITATIONS
- Text: transcribed from the official source (verify below)
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It addresses "PROGRAM LIMITATIONS". Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
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