Prior to the commencement of the program, the board shall promulgate legislative, procedural, or emergency rules, or any combination thereof, in accordance with the provisions of 29A-3-1 et seq. of this code, that include at a minimum, the following:
(1) Requirements for any contract to be entered between the board and an account holder upon opening a Jumpstart Savings Account to ensure compliance with the requirements of this article and applicable state and federal laws;
(2) Examples of qualified expenses, as described in 18-30A-11 of this code; and
(3) Procedures for opening Jumpstart Savings Accounts, making contributions thereto, requesting distributions therefrom, and instructions for accessing any necessary forms.
Structure West Virginia Code
Article 30A. West Virginia Jumpstart Savings Act
§18-30A-4. West Virginia Jumpstart Savings Program Established
§18-30A-5. The Board of Trustees of the West Virginia College and Jumpstart Savings Programs
§18-30A-6. Powers of the Board to Implement and Administer the Jumpstart Savings Program
§18-30A-7. Powers and Duties of the Treasurer
§18-30A-9. Use of Financial Organizations as Program Depositories and Managers
§18-30A-10. Opening a Jumpstart Savings Account; Deposits
§18-30A-11. Distributions; Qualified Expenses
§18-30A-12. State Tax Benefits Related to a Jumpstart Savings Account
§18-30A-13. Reports and Account; Annual Audit
§18-30A-14. Records; Confidentiality