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Section 390.1471 - Short Title. - Sec. 1. This act shall be known and may be...
Section 390.1472 - Definitions. - Sec. 2. As used in this act: (a) "Account" or...
Section 390.1473 - Michigan Education Savings Program; Establishment; Soliciting Proposals; Duties and Powers Vested in Treasurer; Administration of Program; Funds Trustee; Personnel and Services; Selection of Program Manager; Contract. - Sec. 3. (1) The Michigan education savings program is established...
Section 390.1474 - Management Contract; Supervision by Treasurer. - Sec. 4. The treasurer shall be responsible for the ongoing...
Section 390.1475 - Management Contract; Term; Termination. - Sec. 5. (1) A management contract shall be for a...
Section 390.1476 - Contracts. - Sec. 6. The treasurer may enter into contracts that it...
Section 390.1477 - Education Savings Accounts; Establishment; Purpose; Agreement; Form of Contribution; Withdrawal; Distributions; Penalty; Separate Accounting for Each Beneficiary. - Sec. 7. (1) Beginning October 1, 2000, education savings accounts...
Section 390.1478 - Account Owner or Beneficiary; Changes; Transfer. - Sec. 8. (1) An account owner may designate another individual...
Section 390.1479 - Account Owner or Beneficiary; Direction of Contributions or Earnings; Selection of Investment Strategy; Contributions by Board Members or Employees; Use of Interest; Restriction. - Sec. 9. (1) Except as otherwise provided in this section,...
Section 390.1480 - Maximum Account Balance Limit; Limitation; Rejection of Contribution to Designated Beneficiary Account; Total Balance of All Accounts. - Sec. 10. (1) The maximum account balance limit for all...
Section 390.1481 - Account Distributions; Report to Internal Revenue Service and Account Owner; Statements. - Sec. 11. (1) Each program manager shall report distributions from...
Section 390.1482 - Disclosure of Information. - Sec. 12. Each program manager shall disclose the following information...
Section 390.1483 - Construction or Interpretation of Act and Agreement. - Sec. 13. This act and any agreement under this act...
Section 390.1484 - Obligation Upon State, Agency, or Instrumentality of State. - Sec. 14. (1) This act does not create and shall...
Section 390.1485 - Annual Report. - Sec. 15. Each program manager shall file an annual report...
Section 390.1486 - Contributions and Interest Earned as Tax Exempt; Withdrawals as Taxable. - Sec. 16. (1) Contributions to and interest earned on an...