Arkansas Code Title 6, Subtitle 6, Chapter 84 - Tax-Deferred Tuition Savings Program

• § 6-84-101 - Title.
  This chapter shall be known and may be cited as the "Arkansas Tax-Deferred Tuition Savings Program Act".
• § 6-84-102 - Purpose.
  It is the intent and purpose of this chapter to create and establish the Arkansas Tax-Deferred Tuition Savings Program pursuant to 26 U.S.C. §...
• § 6-84-103 - Definitions.
  As used in this chapter: (1) "Account" means an account established in accordance with this chapter; (2) "Account owner" means the person who, under...
• § 6-84-104 - Creation of the Arkansas Tax-Deferred Tuition Savings Program Trust.
  (a) There is created the Arkansas Tax-Deferred Tuition Savings Program Trust.(b) The co-trustees of the trust shall be the Director of the Department of...
• § 6-84-105 - Administration -- Authority -- Powers.
  (a) This chapter shall be administered by the Section 529 Plan Review Committee, which shall be composed of: (1) The Director of the Department...
• § 6-84-106 - Investment Direction.
  Except as permitted in 26 U.S.C. § 529, as in effect on January 1, 2015, no person shall have the right to direct the...
• § 6-84-107 - Accounts.
  (a) (1) An account owner or contributor may establish an account by making an initial contribution to the Arkansas Tax-Deferred Tuition Savings Program, signing...
• § 6-84-108 - Naming of Designated Beneficiary and Transfers of Accounts.
  (a) An account owner shall have the right to name the designated beneficiary of an account and at any time to change the designated...
• § 6-84-109 - Account Withdrawals.
  (a) Withdrawal from an account may be made on thirty (30) days' written notice by the account owner to the Section 529 Plan Review...
• § 6-84-110 - Prohibitions.
  (a) Total contributions to all accounts established on behalf of a particular designated beneficiary in excess of those reasonably necessary to meet the designated...
• § 6-84-111 - Funds Exempt From Tax.
  (a) Except as otherwise indicated in this chapter, interest, dividends, and capital gains from funds invested in the Arkansas Tax-Deferred Tuition Savings Program or...
• § 6-84-112 - Limitation on Liability.
  Neither the Arkansas Tax-Deferred Tuition Savings Program, the Section 529 Plan Review Committee and each of its members, nor the state shall insure any...
• § 6-84-113 - Liberal Construction.
  This chapter shall be liberally construed to comply with the requirements of 26 U.S.C. § 529, as in effect on January 1, 2015.
• § 6-84-114 - Aspiring Scholars Matching Grant Program.
  (a) The Section 529 Plan Review Committee shall develop and implement a pilot program to be known as the "Aspiring Scholars Matching Grant Program"...

Last modified: November 15, 2016