Published on: 23599341. The purpose and effect of this amendment is to repeal this rule as its terms have been incorporated into the Participation Agreement and Terms and Conditions
Published on: 16857647. The purpose and effect of this rule development is to amend language specifying the former federal standard under which an Account Owner may change the Investment Options with a reference to the relevant Internal Revenue Code governing the change to anticipate further revisions to that Code provision; update Form numbers for the Participation Agreement and Terms and Conditions applicable to this change; rename the Maximum Account Balance to Maximum Account Contribution Limit to reflect the industry standard; and reduce the Maximum Account Contribution Limit from seven (7) times to five (5) times the most expensive annual qualified higher education expense to correspond to the safe harbor provision in the proposed Treasury Regulations, and to make further revisions to update changes to the Participation Agreement.
Published on: 15776097. The purpose and effect of this rule development is to amend language specifying the former federal standard under which an Account Owner may change the Investment Options with a reference to the relevant Internal Revenue Code provision anticipating further revisions to that Code provision; update Form numbers for the Participation Agreement and Terms and Conditions applicable to this change; rename the Maximum Account Balance to Maximum Account Contribution Limit to reflect the industry standard; and reduce the Maximum Account Contribution Limit from seven (7) times to five (5) times the most expensive annual qualified higher education expense to correspond to the safe harbor provision in the proposed Treasury Regulations.
Published on: 12816433. Application of Rule Chapter; Definitions, Application for Participation in the Program, Participation Agreement, Payment and Minimum Contributions, Maximum Account Balance Limit, Change of Benefactor, Change of Designated Beneficiary, Contingent Benefactor, Rollover Distributions, Termination and Withdrawal; Distributions, Unclaimed Refunds, Fee Schedule