Sec. 11. Exclusion of education accounts from income and asset tests
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/bill/114/s/3091/is/section-11A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 408(a) is amended by adding at the end the following: In determining eligibility for assistance under this part or any other State program funded with qualified State expenditures (as defined in section 409(a)(7)(B)(i)), a State to which a grant is made under section 403 shall exclude from financial resources the value of any funds in a qualified tuition program described in section 529 of the Internal Revenue Code of 1986 or in a Coverdell education savings account under section 530 of such Code. .