To update the name of the Florida College Investment Plan to the “Florida 529 Savings Plan.”

 

STATE BOARD OF ADMINISTRATION
Florida Prepaid College Board

RULE NO.: RULE TITLE:
19B-6.001: Fee Schedule

PURPOSE AND EFFECT: To update the name of the Florida College Investment Plan to the “Florida 529 Savings Plan.”

SUBJECT AREA TO BE ADDRESSED: The new name for the Florida College Investment Plan is changed to the Florida 529 Savings Plan.

RULEMAKING AUTHORITY: 1009.971(1), (4), (6) FS.
LAW IMPLEMENTED: 1009.98 FS.

IF REQUESTED IN WRITING AND NOT DEEMED UNNECESSARY BY THE AGENCY HEAD, A RULE DEVELOPMENT WORKSHOP WILL BE HELD AT THE DATE, TIME AND PLACE SHOWN BELOW:

DATE AND TIME: August 31, 2012, 2:00 p.m.

PLACE: Suite 210, Hermitage Building, 1801 Hermitage Boulevard, Tallahassee, Florida

Pursuant to the provisions of the Americans with Disabilities Act, any person requiring special accommodations to participate in this workshop/meeting is asked to advise the agency at least 5 hours before the workshop/meeting by contacting: Kevin Thompson, [phone]. If you are hearing or speech impaired, please contact the agency using the Florida Relay Service, 1(800)955-8771 (TDD) or 1(800)955-8770 (Voice).

THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE DEVELOPMENT AND A COPY OF THE PRELIMINARY DRAFT IS: Kevin Thompson, [phone]

 

THE PRELIMINARY TEXT OF THE PROPOSED RULE DEVELOPMENT IS:

19B-6.001 Fee Schedule.

The following fee schedule will apply for all advance payment contract applicants and purchasers:

(1) Application Fee –

(a) No change.

(b) If the purchaser named on the application for the advance payment contract has a Florida 529 Savings College Investment Plan account and the designated beneficiary of that account is the same as beneficiary named on the application for the advanced payment contract, a thirty dollar ($30.00) nonrefundable application fee will be collected at the time the application is submitted.

(c) If an application for both the advance payment contract and the Florida 529 Savings College Investment Plan is submitted on the same application, an eighty dollar ($80.00) nonrefundable application fee will be collected at the time the application is submitted.

(d) A fee of ten dollars ($10.00) will be assessed for any purchaser of a 4-Year Florida University Plan, 2 + 2 Florida Plan or Tuition Plan who subsequently adds a Dormitory Plan to the previously purchased 4-Year Florida University Plan, 2 + 2 Florida Plan or Tuition Plan.

(e) A fee of ten dollars ($10.00) will be assessed for any purchaser of a Tuition Plan who subsequently adds the corresponding Local Fee Plan to the previously purchased Tuition Plan.

(f) A fee of ten dollars ($10.00) will be assessed for any purchaser of a Tuition Plan who subsequently adds the corresponding Tuition Differential Fee Plan to the previously purchased Tuition Plan.

(2) through (7) No change.

Rulemaking Authority 1009.971(1), (4), (6) FS. Law Implemented 1009.971(4), 1009.98 FS. History–New 3-29-89, Amended 2-6-90, 3-19-92, 8-23-92, Formerly 4G-6.001, Amended 12-5-93, 6-20-96, 12-16-97, 2-18-99, 2-8-00, 11-6-01, 11-27-02, 12-17-07, 10-18-10,________.