Section 310. Payments on account of tuition shortfalls.
If there are tuition shortfalls on account of beneficiaries of Tuition Account Guaranteed Savings Program Contracts attending a public institution or redeeming tuition credits at a private institution average tuition level and if such tuition shortfalls are not paid on behalf of the department pursuant to section 307(b), the total shortfall with respect to that institution shall be paid from the earnings of the fund as a separate payment pursuant to section 309(d)(3) or (e)(2)(ii). The amount of shortfall payments shall be considered in determining the actuarial soundness of the fund as provided for in section 306(b)(2).
(310 amended June 22, 2000, P.L.418, No.58)