20-A §11483. Compliance with federal law

Title 20-A: EDUCATION

Part 5: POST-SECONDARY EDUCATION

Chapter 417-E: MAINE COLLEGE SAVINGS PROGRAM HEADING: PL 1997, C. 732, §4 (NEW)

§11483. Compliance with federal law

The authority may take any action necessary to ensure that the program complies with the federal Internal Revenue Code of 1986, Section 529, as amended, and any successor provisions and other applicable laws, rules and regulations adopted pursuant to that provision to the extent necessary for the program fund to constitute a qualified state tuition program with the benefits of eligibility under provisions of the federal Internal Revenue Code addressing qualified state tuition programs. [1997, c. 732, §4 (NEW).]

SECTION HISTORY

1997, c. 732, §4 (NEW).