This rule is amended to reflect the updated name Florida College Investment Plan to the “Florida 529 Savings Plan.”

 

STATE BOARD OF ADMINISTRATION
Florida Prepaid College Board

RULE NO.: RULE TITLE:
19B-16.001: Application of Rule Chapter; Definitions

PURPOSE AND EFFECT: This rule is amended to reflect the updated name Florida College Investment Plan to the “Florida 529 Savings Plan.”

SUBJECT AREA TO BE ADDRESSED: The Florida College Investment Plan’s new name will be “Florida 529 Savings Plan.”

RULEMAKING AUTHORITY: 1009.971(1), (4), (6) FS.
LAW IMPLEMENTED: 1009.981 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 days 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-16.001 Application of Rule Chapter; Definitions.

(1) These rules apply to participants in the Florida 529 Savings Plan Program (the “Savings Florida College Investment Plan”), a qualified tuition program that allows persons to make contributions to a trust account established for the purpose of meeting some or all of the qualified higher education expenses of a designated beneficiary.

(2) For the purposes of the Florida 529 College Savings Plan Program and Rule Chapter 19B-16, F.A.C.:

(a) through (b) No change.

(c) “Application” means the Florida Prepaid College Plan and Florida 529 Savings College Investment Plan New Account Application and the Florida 529 Savings Plan College Investment Plan Add-On Application, adopted pursuant to Rule 19B-16.002, F.A.C.

(d) through (o) No change.

(p) “Program” means the Florida 529 Savings Plan Florida College Savings Program (the “Savings Florida College Investment Plan”).

(q) through (s) No change.

Rulemaking Specific Authority 1009.971(1), (4), (6) FS. Law Implemented 1009.981 FS. History–New 5-30-02, Amended 11-27-02,________.