New York Education Law Article 14-A - NEW YORK STATE COLLEGE CHOICE TUITION SAVINGS PROGRAM
- 695 - Program Established.
There is hereby established the college choice tuition savings program and such program shall be known and may be cited as the "New York state...
- 695-a - Purposes.
The purposes of the tuition savings program shall be to authorize the establishment of family tuition accounts and to provide guidelines for the maintenance of...
- 695-b - Definitions.
As used in this article, the following terms shall have the following meanings: 1. "Account" or "family tuition account" shall mean an individual savings account...
- 695-c - Functions of the Comptroller and the Corporation.
1. The comptroller and the corporation shall implement the program under the terms and conditions established by this article and a memorandum of understanding relating...
- 695-d - Powers of the Comptroller.
1. The comptroller may implement the program through use of financial organizations as account depositories and managers. Under the program, individuals may establish accounts directly...
- 695-e - Program Requirements; Family Tuition Account.
1. Family tuition accounts established pursuant to the provisions of this article shall be governed by the provisions of this section. 2. A family tuition...
- 695-f - Program Limitations; Family Tuition Account.
1. Nothing in this article shall be construed to: a. give any designated beneficiary any rights or legal interest with respect to an account unless...
- 695-g - Scholarships and Financial Aid.
Monies in a family tuition account shall not be used toward the calculation of New York state financial aid under a financial aid program administered...
Last modified: February 3, 2019