Creation of Iowa educational savings plan trust.

; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; courier new tur ; arial (vietnamese) ; courier new (arabic) ; times new roman ce ; tahoma (vietnamese) ; arial (hebrew) ; times new roman cyr ; courier new greek ; symbol ; tahoma (hebrew) ; arial ; arial baltic ; arial tur ; times new roman (arabic) ; courier new ; imperial bt ; tahoma ce ; wingdings ; tahoma cyr ; times new roman tur ; courier new ce ; tahoma ; courier new (hebrew) ; arial (arabic) ; courier new baltic ; courier new cyr ; times new roman ; tahoma baltic ; tahoma (arabic) ; arial ce ; courier new (vietnamese) ; tahoma (thai) ; times new roman greek ; tahoma greek ; tahoma tur ; times new roman (hebrew) ; times new roman baltic ; times new roman (vietnamese) ; arial greek ; arial cyr ; \* .;
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 ?; ; ; Normal ; heading 1 ; heading 2 ; heading 3 ; heading 4 ; heading 5 ; heading 6 ; heading 7 ; heading 8 ; heading 9 ; Balloon Text ; Block Text ; Body Text ; Body Text 2 ; Body Text 3 ; Body Text First Indent ; Body Text First Indent 2 ; Body Text Indent 2 ; Body Text Indent 3 ; caption ; Closing ; annotation text ; annotation subject ; Date ; Document Map ; E-mail Signature ; endnote text ; envelope address ; envelope return ; footer ; footnote text ; header ; HTML Address ; HTML Preformatted ; index 1 ; index 2 ; index 3 ; index 4 ; index 5 ; index 6 ; index 7 ; index 8 ; index 9 ; index heading ; List ; List 2 ; List 3 ; List 4 ; List 5 ; List Bullet ; List Bullet 2 ; List Bullet 3 ; List Bullet 4 ; List Bullet 5 ; List Continue ; List Continue 2 ; List Continue 3 ; List Continue 4 ; List Continue 5 ; List Number ; List Number 2 ; List Number 3 ; List Number 4 ; List Number 5 ; macro ; Message Header ; Normal (Web) ; Normal Indent ; Note Heading ; Plain Text ; Salutation ; Signature ; Subtitle ; table of authorities ; table of figures ; Title ; toa heading ; toc 1 ; toc 2 ; toc 3 ; toc 4 ; toc 5 ; toc 6 ; toc 7 ; toc 8 ; toc 9 ; \~\~ \~\~ \~\~ \~\~ \~\~ 12D.2 \~\~ Creation of Iowa educational savings plan trust. \~\~ An Iowa educational savings plan trust is created. The treasurer of state is the trustee of the trust, and has all powers necessary to carry out and effectuate the purposes, objectives, and provisions of this chapter pertaining to the trust, including the power to do all of the following: \~\~ 1. \~\~ Make and enter into contracts necessary for the administration of the trust created under this chapter . \~\~ 2. \~\~ Enter into agreements with any qualified educational institution, the state, or any federal or other state agency, or other entity as required to implement this chapter . \~\~ 3. \~\~ Carry out the duties and obligations of the trust pursuant to this chapter . \~\~ 4. \~\~ Accept any grants, gifts, legislative appropriations, and other moneys from the state, any unit of federal, state, or local government, or any other person, firm, partnership, or corporation which the treasurer of state shall deposit into the administrative fund or the program fund. \~\~ 5. \~\~ Carry out studies and projections so the treasurer of state may advise participants regarding present and estimated future qualified education expenses and levels of financial participation in the trust required in order to enable participants to achieve their educational funding objectives. \~\~ 6. \~\~ Participate in any federal, state, or local governmental program for the benefit of the trust. \~\~ 7. \~\~ Procure insurance against any loss in connection with the property, assets, or activities of the trust. \~\~ 8. \~\~ Enter into participation agreements with participants. \~\~ 9. \~\~ Make payments to qualified educational institutions, participants, or beneficiaries, pursuant to participation agreements on behalf of beneficiaries. \~\~ 10. \~\~ Make refunds to participants upon the termination of participation agreements, and partial nonqualified distributions to participants, pursuant to the provisions, limitations, and restrictions set forth in this chapter . \~\~ 11. \~\~ Invest moneys from the program fund in any investments which are determined by the treasurer of state to be appropriate. \~\~ 12. \~\~ Engage investment advisors, if necessary, to assist in the investment of trust assets. \~\~ 13. \~\~ Contract for goods and services and engage personnel as necessary, including consultants, actuaries, managers, legal counsel, and auditors for the purpose of rendering professional, managerial, and technical assistance and advice to the treasurer of state regarding trust administration and operation. \~\~ 14. \~\~ Establish, impose, and collect administrative fees and charges in connection with transactions of the trust, and provide for reasonable service charges. \~\~ 15. \~\~ Administer the funds of the trust. \~\~ 16. \~\~ Adopt rules pursuant to chapter 17A for the administration of the trust. 98 Acts, ch 1172, §2 ; 99 Acts, ch 114, §1 ; 99 Acts, ch 122, §1, 10 ; 2004 Acts, ch 1079, §2 – 6, 17 ; 2018 Acts, ch 1161, §136, 147, 148 Referred to in §12D.1