41.415 STABLE Kentucky accounts -- Administration -- Cooperative agreements.

110 words·~1 min read·/ky/chapter-41/41-415

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(1)As used in this section, "STABLE Kentucky account" has the same meaning as in

KRS 164A.260.

(2)The Department of the Treasury shall be responsible for administering in

accordance with this section and KRS 164A.260 and promoting STABLE Kentucky

accounts.

(3)In order to ensure that the program is administered in a cost-effective manner, the

Department of the Treasury may enter into any cooperative agreements, contracts,

or similar instruments with:

(a)Other states which administer programs created under 26 U.S.C. sec. 529A;

(b)Other agencies or departments of the Commonwealth; or

(c)A nonprofit organization tasked with providing services to individuals who

are eligible for a STABLE Kentucky account.