New Hampshire Administrative Code

The commission by resolution shall designate such committees, which shall have such authority as the resolution shall specify to the extent not inconsistent with law. Notes N.H. Admin. Code § Csp 102.09 #7082, eff 8-26-99; ss by #9583, eff 11-2-09

Copies of the plan's annual reports or other public information may be obtained or examined at the Office of the State Treasurer at 25 Capitol Street, Room 121, Concord, New Hampshire 03301. Notes N.H. Admin. Code § Csp 103.01 #7082, eff 8-26-99; ss by #9583, eff 11-2-09 Amended …

Persons desiring copies of written records shall submit a request that identifies as particularly as possible the information being sought. There shall be no charge for the first 10 pages of copied records. The commission shall charge a reasonable amount for copying with respect …

The commission's general practices and proceedings shall take place in accordance with Csp 202, relating to proceedings of the commission, and Csp 203, relating to rulemaking petitions. Notes N.H. Admin. Code § Csp 201.01 #7083, eff 8-26-99, EXPIRED: 8-26-07 New. #9584, eff 11-2-…

Specific actions of the commission which relate to the establishment, operation and administration of the trust shall take place in accordance with Csp 300. Notes N.H. Admin. Code § Csp 201.02 #7083, eff 8-26-99, EXPIRED: 8-26-07 New. #9584, eff 11-2-09

Any person, whose interests might be impacted by the commission's actions, policies, or rules, may petition the commission to adopt, amend, or repeal rules in accordance with the following procedures: (a) The petitioner shall submit in writing a detailed request for rulemaking se…

Persons may request from the commission a declaratory ruling as to the applicability of any statutory provision pertaining to, or rule or order or decision of, the commission in accordance with the following procedures: (a) A person requesting a declaratory ruling shall submit, i…

Pursuant to RSA 541-A:30-a, IV, the commission has adopted the text of the model rules for adjudicative proceedings as established by the attorney general in rule Jus 800 which shall be in effect at the time of such adjudicative proceedings. Notes N.H. Admin. Code § Csp 203.01 #9…

The trust was established on January 15, 1998, pursuant to RSA 195-H. The purpose of the trust is to provide a program of savings for future college costs to help make higher education affordable and accessible to all citizens of New Hampshire and citizens of other states who par…

The rules of this chapter shall apply to the operation of the trust, unless they conflict with federal requirements, in which case, the federal requirements shall apply. Notes N.H. Admin. Code § Csp 301.02 #7083, eff 8-26-99, EXPIRED: 8-26-07 New. #9585, eff 11-2-09 Amended by Vo…

The trust shall be the legal form to establish the plan and shall be an instrumentality of the state. Notes N.H. Admin. Code § Csp 301.03 #7083, eff 8-26-99, EXPIRED: 8-26-07 New. #9585, eff 11-2-09 Amended by Volume XXXVI Number 23, Filed June 9, 2016, Proposed by #11097, Effect…

The trustee of the trust shall be the treasurer. Notes N.H. Admin. Code § Csp 301.04 #7083, eff 8-26-99, EXPIRED: 8-26-07 New. #9585, eff 11-2-09 Amended by Volume XXXVI Number 23, Filed June 9, 2016, Proposed by #11097, Effective 5/17/2016, Expires 5/17/2026. Amended by Volume X…

The treasurer shall execute a declaration of trust that shall set forth the rights, privileges and obligations of the trust and the participants and beneficiaries of the trust. Notes N.H. Admin. Code § Csp 301.05 #7083, eff 8-26-99, EXPIRED: 8-26-07 New. #9585, eff 11-2-09 Amende…

The declaration of trust shall provide for a form of participation agreement that requires a participant to agree to the terms of the trust. Notes N.H. Admin. Code § Csp 301.06 #7083, eff 8-26-99, EXPIRED: 8-26-07 New. #9585, eff 11-2-09 Amended by Volume XXXVI Number 23, Filed J…

The trust shall qualify as a qualified state tuition plan. The terms of the trust documents and these rules shall be construed by the commission, the treasurer, and the participants consistent with this objective. Notes N.H. Admin. Code § Csp 301.07 Derived From Volume XXXVI Numb…

The trust documents shall require the establishment and maintenance of a separate account for a participant's holdings on behalf of a designated beneficiary. Upon acceptance of a completed and executed participation agreement, the trustee shall establish, or shall cause to be est…

The trust documents shall require that all contributions to the trust and distributions from the trust shall be in cash only. Notes N.H. Admin. Code § Csp 302.02 #7083, eff 8-26-99, EXPIRED: 8-26-07 New. #9585, eff 11-2-09 Amended by Volume XXXVI Number 23, Filed June 9, 2016, Pr…

The trust documents shall provide for a limitation on contributions based on the aggregate value of all accounts in existence for the benefit of a particular designated beneficiary. This limitation, which shall be reviewed and determined annually by the commission, shall not exce…

The trust documents shall prohibit each of the participant and the designated beneficiary from directing the investment of any amounts held in an account. Notes N.H. Admin. Code § Csp 302.04 #7083, eff 8-26-99, EXPIRED: 8-26-07 New. #9585, eff 11-2-09 Amended by Volume XXXVI Numb…

The trust documents shall prohibit the transfer or assignment of any interest in a trust account as security for a loan or for any other purpose. Notes N.H. Admin. Code § Csp 302.05 #7083, eff 8-26-99, EXPIRED: 8-26-07 New. #9585, eff 11-2-09 Amended by Volume XXXVI Number 23, Fi…

Subject to the provisions of Csp 302.03, the trust documents shall permit a participant to substitute a new designated beneficiary from time to time and shall include such restrictions as shall be necessary to ensure that such substitution does not result in adverse federal incom…

The trust documents shall provide that the trustee shall amend the trust documents at any time if the trustee determines that such an amendment is required to maintain qualification of the plan as a qualified state tuition program. The trust documents shall further provide that t…

The trustee shall operate the plan at all times in accordance with the terms of the trust documents. Notes N.H. Admin. Code § Csp 303.01 #7083, eff 8-26-99, EXPIRED: 8-26-07 New. #9585, eff 11-2-09 Amended by Volume XXXVI Number 23, Filed June 9, 2016, Proposed by #11097, Effecti…

The trustee shall accept contributions to an account by a person only if such person has completed and executed a participation agreement and account application form requesting such information as necessary and appropriate for the purposes of the plan. Contributions to an accoun…

The trustee shall take necessary action to ensure that all persons who receive a participation agreement and account applications receive a disclosure document setting forth all material aspects of participation in the plan, including: (a) The operating procedures of the trust; (…

The trustee shall provide each participant with regular statements of amounts held in an account. Notes N.H. Admin. Code § Csp 303.04 #7083, eff 8-26-99, EXPIRED: 8-26-07 New. #9585, eff 11-2-09 Amended by Volume XXXVI Number 23, Filed June 9, 2016, Proposed by #11097, Effective …

The trustee shall assess and collect assessments with respect to the accounts and allocate such assessments among accounts so each account bears its fair and proportionate share of the assessments subject to the following provisions: (a) The daily charge imposed under the trust d…

(a) Contributions to accounts by any participant shall be voluntary. The participant may terminate an account at any time in accordance with the provisions of the trust documents, and subject to the rules in this chapter. (b) Participant shall submit a notice of distribution befo…

Notwithstanding any other provision of these rules, the trustee shall terminate an account if he or she determines that the participant or the designated beneficiary has provided materially false or misleading information to the trust, a vendor to the trust charged with administr…

The trustee shall be responsible for the administration of the plan in accordance with the terms of the trust documents. Except for the determinations expressly set forth in Csp 304.02, all determinations required with respect to the administration of the trust shall be made by t…

All determinations set forth below shall be made by the trustee only upon approval of the commission in accordance with Csp 102: (a) Establishing or amending the trust documents; (b) Designing the marketing and promotional program for the plan; (c) Designing all trademarks, servi…

The trust shall enter into one or more agreements with a private vendor or vendors with respect to the establishment, operation and administration of the trust. The private vendor or vendors shall provide such services as shall be specified in the agreements. In negotiating such …

The trustee shall make quarterly reports regarding the status of the trust to the commission. Notes N.H. Admin. Code § Csp 304.04 #7083, eff 8-26-99, EXPIRED: 8-26-07 New. #9585, eff 11-2-09 Amended by Volume XXXVI Number 23, Filed June 9, 2016, Proposed by #11097, Effective 5/17…

The commission shall make annual reports regarding the status of the trust to the state library. Notes N.H. Admin. Code § Csp 304.05 #7083, eff 8-26-99, EXPIRED: 8-26-07 New. #9585, eff 11-2-09 Amended by Volume XXXVI Number 23, Filed June 9, 2016, Proposed by #11097, Effective 5…

All records of the trust identifying participants or designated beneficiaries, or amounts deposited, held or withdrawn with respect to individual accounts shall be confidential financial information. Notes N.H. Admin. Code § Csp 304.06 #7083, eff 8-26-99, EXPIRED: 8-26-07 New. #9…

Abandoned accounts shall be subject to RSA 471-C. Notes N.H. Admin. Code § Csp 304.07 #7083, eff 8-26-99, EXPIRED: 8-26-07 New. #9585, eff 11-2-09 Amended by Volume XXXVI Number 23, Filed June 9, 2016, Proposed by #11097, Effective 5/17/2016, Expires 5/17/2026. Amended by Volume …

No commission member shall: (a) Use confidential information regarding the investments of the plan in a manner not exclusively in the interest of the plan, its participants and beneficiaries; (b) Buy or sell a security or other investment if the commission member knows that the p…

The governor's scholarship program is designed to provide financial assistance to eligible high school graduates or recent high school graduates who meet the definition of eligible student set forth in Csp 402.05 to attend an eligible postsecondary educational or training program…

"Commission" means the college tuition savings plan advisory commission established in RSA 195-H:2. Notes N.H. Admin. Code § Csp 402.01 Derived from Volume XLI Number 1, Filed January 7, 2021, Proposed by #13144, Effective 12/9/2020, Expires 12/9/2030 Amended by Volume XLII Numbe…

"Direct costs" means the participating postsecondary institution's determined cost of attendance based on federal regulations associated with the Pell Grant program. Notes N.H. Admin. Code § Csp 402.02 Derived from Volume XLI Number 1, Filed January 7, 2021, Proposed by #13144, E…

"Eligible institution" means "eligible institution" as defined in RSA 4-C:31,II, namely "a postsecondary educational institution or training program within the university system of New Hampshire as defined in RSA 187-A, a postsecondary educational institution within the community…

"Eligible program" means any eligible associate degree program, any eligible bachelor's degree program, or any eligible certificate program offered by participating institutions. Notes N.H. Admin. Code § Csp 402.04 Derived from Volume XLI Number 1, Filed January 7, 2021, Proposed…

"Eligible student" means "eligible student" as defined in RSA 4-C:31, III, namely "a first-year, full-time, Pell Grant-eligible student who meets the eligibility and residency requirements of RSA 4-C:33. "First-year" means a student who has never enrolled in an eligible instituti…

"Expected family contribution" means the amount, determined by a formula established in Part F of Title IV of the Higher Education Act of 1965, as amended, that a student and his or her spouse and family are expected to contribute toward the student's cost of attendance. Notes N.…

"Full time student" means "full time student" as defined in RSA 4-C:31,IV, namely "an enrolled student who is carrying an academic course load that is determined to be full time by the eligible institution based on a standard applicable to all students enrolled in a particular ed…

"Governor's scholarship fund" means the governor's scholarship fund established in RSA 4-C:32. Notes N.H. Admin. Code § Csp 402.08 Derived from Volume XLI Number 1, Filed January 7, 2021, Proposed by #13144, Effective 12/9/2020, Expires 12/9/2030 Amended by Volume XLII Number 2, …

"Participating postsecondary institution" means an eligible postsecondary institution which has executed a participation agreement with the commission. Notes N.H. Admin. Code § Csp 402.09 Derived from Volume XLI Number 1, Filed January 7, 2021, Proposed by #13144, Effective 12/9/…