Section 54.605 - Effect of Termination of Program on Contract(a) A prepaid tuition contract remains in effect after the program is terminated if, when the program is terminated, the beneficiary:(1) has been accepted by or is enrolled in an institution of higher education, a private or independent institution of higher education, a career school or college, or a registered apprenticeship program described by Section 54.619(i); or(2) is projected to graduate from high school not later than the third anniversary of the date the program is terminated.(b) A prepaid tuition contract terminates when the program is terminated if the contract does not remain in effect under Subsection (a).Amended by Acts 2021, Texas Acts of the 87th Leg. - Regular Session, ch. 599,Sec. 1, eff. 9/1/2021.Amended by Acts 2003, 78th Leg., ch. 364, Sec. 2.05, eff. 9/1/2003Amended by Acts 2003, 78th Leg., ch. 817, Sec. 8.20, eff. 9/1/2003.Amended by Acts 1999, 76th Leg., ch. 1181, Sec. 3, eff. 9/1/1999Added by Acts 1995, 74th Leg., ch. 1032, Sec. 1, eff. 9/1/1995. See Acts 2021, Texas Acts of the 87th Leg. - Regular Session, ch. 599, Sec. 13.