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	Amend CSHB 3900 (house committee report) on page 19, between 
lines 14 and 15, by inserting the following:
	Sec. 54.7671.  TRANSFERS AMONG 529 PLANS.  (a)  The board by 
rule shall provide for a purchaser to transfer money between an 
account under this subchapter and an account under another plan 
established by this state or by another state or other authorized 
entity in accordance with Section 529, Internal Revenue Code of 
1986, to the extent and in the manner authorized by that section.
	(b)  For purposes of a transfer of money from an account 
under this subchapter, the value of the account at the time of 
transfer is the lesser of:
		(1)  an amount equal to the cost, at the time of the 
transfer, of the tuition and required fees that would be covered by 
redemption of the number and type of tuition units to be transferred 
from the account if the beneficiary were redeeming the units at a 
general academic teaching institution or two-year institution of 
higher education as follows:
			(A)  for a Type I unit, at the general academic 
teaching institution that, in the sales year in which the unit was 
purchased, had the highest tuition and required fee cost;
			(B)  for a Type II unit, at a general academic 
teaching institution that, in the sales year in which the unit was 
purchased, had tuition and required fee cost at the weighted 
average; and
			(C)  for a Type III unit, at a two-year 
institution of higher education that, in the sales year in which the 
unit was purchased, had tuition and required fee cost at the 
weighted average; or
		(2)  an amount equal to the total purchase price of the 
tuition units to be transferred from the account, plus the portion 
of the total return on assets of the fund attributable to that 
amount.