Sec. 3-22o. Compliance with provisions necessary for trust to constitute state tuition program and be tax exempt.
52 words·~1 min read·
/ct/title-3/chapter-32-treasurer/3-22oA research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Treasurer shall take any action necessary to ensure that the trust complies with all applicable requirements of federal and state laws, rules and regulations to the extent necessary for the trust to constitute a qualified state tuition program and be exempt from taxation under Section 529 of the Internal Revenue Code.