(a) Information about the tuition units or match funds allocated or awarded to an eligible beneficiary by the board or program entity shall be made available to the participant and, to the extent possible, shall be included in the periodic statements for participant accounts.
(b) Match account tuition units may not be redeemed until the participant authorizes redemption of the participant's tuition units in writing.
(c) Distributions from a match account will be reported to the Internal Revenue Service to the extent required by federal law.

Source Note: The provisions of this §7.170 adopted to be effective July 1, 2012, 37 TexReg 4599