Sec. 3-22o. Compliance with provisions necessary for trust to constitute state tuition program and be tax exempt.
Sec. 3-22o. Compliance with provisions necessary for trust to constitute state
tuition program and be tax exempt. The Treasurer shall take any action necessary to
ensure that the trust complies with all applicable requirements of federal and state laws,
rules and regulations to the extent necessary for the trust to constitute a qualified state
tuition program and be exempt from taxation under Section 529 of the Internal Revenue
Code.
(P.A. 97-224, S. 10, 12.)
History: P.A. 97-224 effective July 1, 1997 (Revisor's note: The words "is exempt" were replaced editorially by the
Revisors with "be exempt" for grammatical accuracy).