The board may enter into a tuition contract with a purchaser for the purchase of tuition units on behalf of a beneficiary through the educational services plan or for the creation and deposit of contributions to a savings account through the educational savings plan, or both; provided, that the total amount of contributions made to both plans on behalf of a single designated beneficiary does not exceed any limits imposed by the board pursuant to § 49-7-805.
Structure 2021 Tennessee Code
Chapter 7 - Postsecondary and Higher Education Generally
Part 8 - The Tennessee College Savings Trust Act
§ 49-7-805. Board of Trustees — Powers and Duties
§ 49-7-813. Custodian of Funds — Disbursements
§ 49-7-815. Powers of Funds' Trustees
§ 49-7-816. Transaction of Business — Nominees
§ 49-7-817. Personal Interest in Investments Prohibited
§ 49-7-821. Cooperation From Other State Agencies
§ 49-7-822. Exemption of Assets and Benefits From Taxation, Execution, Garnishment and Assignment