Effective: September 29, 2005
Latest Legislation: House Bill 66 - 126th General Assembly
The general assembly hereby finds that the prepaid tuition program providing for the sale of tuition credits units by the Ohio tuition trust authority is an official state function, offered through an agency of this state, which agency receives state appropriations. Therefore, the authority is directed by the state of Ohio to assume it is exempt from federal tax liability.
Structure Ohio Revised Code
Title 33 | Education-Libraries
Chapter 3334 | College Savings Program; Variable College Savings Program
Section 3334.01 | College Savings Program - Variable College Savings Program Definitions.
Section 3334.02 | Establishment of College Savings and Variable College Savings Programs.
Section 3334.03 | Ohio Tuition Trust Authority.
Section 3334.04 | College Savings Bonds.
Section 3334.06 | Plan for Sale of Bonds - Approval of Sale - Cooperation With Issuing Authorities.
Section 3334.07 | Plan for Sale of Tuition Credits - Price of Credit - Incentive Programs.
Section 3334.08 | Trust Authority Powers.
Section 3334.09 | Tuition Payment Contracts.
Section 3334.10 | Termination of Contract - Determination and Payment of Refunds.
Section 3334.11 | Ohio Tuition Trust Fund.
Section 3334.15 | Credit or Payment Exemptions - Use as Security or Collateral for Loan.
Section 3334.16 | Exemption From Federal Tax Liability.
Section 3334.17 | Scholarship Programs to Award Scholarships Consisting of Tuition Credits.
Section 3334.18 | Variable College Savings Program Contracts.
Section 3334.19 | Adopting Investment Plan.
Section 3334.20 | Interim Investment Periods.
Section 3334.21 | Termination of Variable College Savings Program.