* 1253. Functions of the comptroller. 1. The comptroller shall implement the program under the terms and conditions established by this article and a memorandum of understanding with the commissioner relating to any terms or conditions not otherwise expressly provided for in this article.
2. In furtherance of such implementation the comptroller shall:
(a) develop and implement the program in a manner consistent with the provisions of this article through rules and regulations established in accordance with the state administrative procedure act;
(b) engage the services of consultants on a contract basis for rendering professional and technical assistance and advice;
(c) seek rulings and other guidance from the United States Department of Treasury and the Internal Revenue Service relating to the program;
(d) make changes to the program required for the participants in the program to obtain the state income tax benefits or treatment provided by this article;
(e) charge, impose and collect administrative fees and service charges in connection with any agreement, contract or transaction relating to the program;
(f) develop marketing plans and promotion materials;
(g) establish the methods by which the funds held in such accounts be dispersed;
(h) establish the method by which funds shall be allocated to pay for administrative costs; and
(i) do all things necessary and proper to carry out the purposes of this article.
* NB Effective June 16, 2018
Last modified: February 3, 2019