Ohio Revised Code Chapter 3334 - College Savings Program; Variable College Savings Program

• Section 3334.01 - College Savings Program - Variable College Savings Program Definitions.
  As used in this chapter: (A) "Aggregate original principal amount" means the aggregate of the initial offering prices to the public of college savings...
• Section 3334.02 - Establishment Of College Savings And Variable College Savings Programs.
  (A) In order to help make higher education affordable and accessible to all citizens of Ohio, to maintain state institutions of higher education by...
• Section 3334.03 - Ohio Tuition Trust Authority.
  (A) (1) There is hereby created the Ohio tuition trust authority within the office of the chancellor of the Ohio board of regents, which...
• Section 3334.04 - College Savings Bonds.
  (A) Any bonds authorized for issuance by any issuing authority may, with the approval of the Ohio tuition trust authority and at the option...
• Section 3334.05 - [Repealed].
  Effective Date: 04-13-1990
• Section 3334.06 - Plan For Sale Of Bonds - Approval Of Sale - Cooperation With Issuing Authorities.
  (A) The Ohio tuition trust authority shall, after consultation with the issuer, develop a plan for the sale of college savings bonds. The plan...
• Section 3334.07 - Plan For Sale Of Tuition Credits - Price Of Credit - Incentive Programs.
  (A) The Ohio tuition trust authority shall develop a plan for the sale of tuition units. Not later than December 31, 2009, the authority...
• Section 3334.08 - Trust Authority Powers.
  (A) Subject to division (B) of this section, in addition to any other powers conferred by this chapter, the Ohio tuition trust authority may...
• Section 3334.09 - Tuition Payment Contracts.
  (A) Except in the case of a scholarship program established in accordance with section 3334.17 of the Revised Code, the Ohio tuition trust authority...
• Section 3334.10 - Termination Of Contract - Determination And Payment Of Refunds.
  Divisions (A) and (B) of this section do not apply to scholarship programs established under section 3334.17 of the Revised Code. (A) Unless otherwise...
• Section 3334.11 - Ohio Tuition Trust Fund.
  (A) The assets of the Ohio tuition trust authority reserved for payment of the obligations of the authority pursuant to tuition payment contracts shall...
• Section 3334.111 - [Repealed].
  Repealed by 129th General AssemblyFile No.127, HB 487, §105.01, eff. 9/10/2012. Added by 128th General AssemblyFile No.9, HB 1, §101.01, eff. 10/16/2009.
• Section 3334.12 - Evaluation Of Actuarial Soundness Of Tuition Trust Fund - Termination - Annual Financial Report.
  Notwithstanding anything to the contrary in sections 3334.07 and 3334.09 of the Revised Code: (A) Annually, the Ohio tuition trust authority shall have the...
• Section 3334.15 - Credit Or Payment Exemptions - Use As Security Or Collateral For Loan.
  (A) The right of a person to a tuition unit or a payment under section 3334.09 of the Revised Code pursuant to a tuition...
• Section 3334.16 - Exemption From Federal Tax Liability.
  The general assembly hereby finds that the prepaid tuition program providing for the sale of tuition credits units by the Ohio tuition trust authority...
• Section 3334.17 - Scholarship Programs To Award Scholarships Consisting Of Tuition Credits.
  (A) The state, any political subdivision of the state, and any organization that is exempt from federal income taxation under section 501 (a) and...
• Section 3334.18 - Variable College Savings Program Contracts.
  (A) A variable college savings program established by the Ohio tuition trust authority shall include provisions for a contract to be entered into between...
• Section 3334.19 - Adopting Investment Plan.
  (A) The Ohio tuition trust authority shall adopt an investment plan that sets forth investment policies and guidelines to be utilized in administering the...
• Section 3334.20 - Interim Investment Periods.
  (A) As used in this section, "state agency" means every department, bureau, board, commission, office, or other organized body established by the constitution or...
• Section 3334.21 - Termination Of Variable College Savings Program.
  The variable college savings program may be terminated by statute or upon the determination of the Ohio tuition trust authority that the program is...

Last modified: October 10, 2016