Section 54.774 - Effect of Program Termination 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 at a general academic teaching institution, two-year institution of higher education, private or independent institution of higher education, medical and dental unit, career school, accredited out-of-state institution of higher education, or registered apprenticeship program; 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. 9, eff. 9/1/2021.Amended by Acts 2019, Texas Acts of the 86th Leg.- Regular Session, ch. 903,Sec. 14, eff. 6/10/2019.Amended by Acts 2009, 81st Leg., R.S., Ch. 560, Sec. 10, eff. 6/19/2009.Added by Acts 2007, 80th Leg., R.S., Ch. 1281, Sec. 1, eff. 6/15/2007. See Acts 2021, Texas Acts of the 87th Leg. - Regular Session, ch. 599, Sec. 13.