The assets of the Plan and their income are exempt from state and local taxation.
1994, c. 661, § 23-38.83; 2000, cc. 382, 400; 2016, c. 588.
Structure Code of Virginia
Title 23.1 - Institutions of Higher Education; Other Educational and Cultural Institutions
Chapter 7 - Virginia College Savings Plan and ABLE Savings Trust Accounts
§ 23.1-701. Plan established; moneys; governing board
§ 23.1-702. Advisory committees to the board; membership; terms; qualifications; duties
§ 23.1-703. Chief executive officer of the Plan
§ 23.1-704. Powers and duties of the board
§ 23.1-705. Board actions not a debt of Commonwealth
§ 23.1-706. Standard of care; investment and administration of the Plan
§ 23.1-707. Prepaid tuition contracts and college and ABLE savings trust agreements
§ 23.1-707.1. Prepaid tuition contracts; pricing reserves; limitations
§ 23.1-708. Assets of the Plan exempt from taxation
§ 23.1-710. Forms and audit of accounts and records
§ 23.1-711. Admission to institutions not guaranteed; coverage limitations