§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 tuition program with the benefits of eligibility under provisions of the federal Internal Revenue Code of 1986 addressing qualified tuition programs. [PL 2021, c. 17, §8 (AMD).]
SECTION HISTORY
PL 1997, c. 732, §4 (NEW). PL 2021, c. 17, §8 (AMD).
Structure Maine Revised Statutes
Part 5: POST-SECONDARY EDUCATION
Chapter 417-E: MAINE EDUCATION SAVINGS PROGRAM
20-A §11472. Maine Education Savings Program
20-A §11473. Maine Education Savings Program Fund
20-A §11474. Powers of the authority
20-A §11475. Participation agreement
20-A §11476. Investment options and parameters
20-A §11477. Early termination or overfunding of participation agreement
20-A §11478. Ownership of account; transfer of ownership rights
20-A §11480. Rights of participants and beneficiaries to assets of the authority
20-A §11481. Release of information
20-A §11482. Exemption from registration
20-A §11483. Compliance with federal law