The MACS Trust Fund shall continue in existence as long as it holds any funds belonging to an account owner or otherwise has any obligations to any person or entity until its existence is terminated by the Legislature and remaining assets on deposit in the fund are returned to account owners or transferred to the state in accordance with unclaimed property laws.
Structure Mississippi Code
Chapter 155 - College Savings Plans of Mississippi
Article 3 - Mississippi Affordable College Savings (MACS) Program
§ 37-155-103. Declaration of purpose
§ 37-155-107. Powers of the board of directors
§ 37-155-111. Mississippi Affordable College Savings Trust Fund
§ 37-155-115. Authority of board to invest funds in Trust Fund
§ 37-155-119. No promise or guarantee of beneficiary's admission
§ 37-155-121. No guarantee that higher education expenses will be covered in full