78R5571 JRJ-D

By:  Christian                                                    H.B. No. 2304



A BILL TO BE ENTITLED

AN ACT

relating to the use of a private person to provide marketing and 
brokering services for the state's college savings and prepaid 
tuition plans.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:                        
	SECTION 1.  Section 54.618, Education Code, is amended by 
adding Subsection (c) to read as follows:
	(c)  The board may not engage in the marketing or brokering 
of higher education savings plan accounts under Subchapter G or 
prepaid higher education tuition contracts under this subchapter 
using state employees to perform any transaction that could 
lawfully be performed by a private person appropriately licensed or 
registered as provided by law.  The board shall enter into contracts 
with appropriately licensed or registered private persons to 
perform those marketing and brokering functions.
	SECTION 2.  This Act takes effect September 1, 2003.