Effective Immediately: New state legislation (H.B. 3655)
On June 10, 2019, the Texas Governor signed new 529 plan-related legislation into law. One key change in the law is a new provision requiring payments to medical and dental institutions for undergraduate tuition and required fees at Transfer Value
. The websites, forms, plan descriptions and other offering documents for the Texas 529 Plans have not yet been updated to reflect changes in the new law. Please check the Texas Legislature Online site
for the new law and our FAQs for more details regarding Transfer Value.