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1,133 chapters · 28,363 sections in this title.
Minn. Stat. § 136G.01 PLAN ESTABLISHED.
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136G.01 PLAN ESTABLISHED. A college savings plan known as "the Minnesota college savings plan" or "the Minnesota 529 college savings plan" is established. In establishing this plan, the legislature seeks to encourage individuals to save for postsecondary education by: (1) providi…
Minn. Stat. § 136G.03 DEFINITIONS.
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136G.03 DEFINITIONS. § Subdivision 1.General. For purposes of sections 136G.01 to 136G.14, the following terms have the meanings given. § Subd. 2.Account. "Account" means the formal record of transactions relating to a Minnesota college savings plan beneficiary. § Subd. 3.Account…
Minn. Stat. § 136G.05 MINNESOTA OFFICE OF HIGHER EDUCATION.
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136G.05 MINNESOTA OFFICE OF HIGHER EDUCATION. § Subdivision 1.Responsibilities. (a) The commissioner shall establish the rules, terms, and conditions for the plan, subject to the requirements of sections 136G.01 to 136G.14. (b) The commissioner shall prescribe the application for…
Minn. Stat. § 136G.07 INVESTMENT OF ACCOUNTS.
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136G.07 INVESTMENT OF ACCOUNTS. § Subdivision 1.State board to invest. The State Board of Investment shall invest the money deposited in accounts in the plan. Except as permitted by the Internal Revenue Code, neither persons making contributions to an account nor beneficiaries ma…
