Sec.3-22h-4. Program administration and management

The Trust shall be administered and managed in compliance with the provisions of the Internal Revenue Code, regulations promulgated thereunder, published administrative guidance of the United States Department of the Treasury, the Statute and sections 3-22h-1 to 3-22h-9, inclusive, of the Regulations of Connecticut State Agencies. The Trustee shall take such steps as are necessary in order for the Trust to constitute a Qualified Tuition Program under Section 529 of the Internal Revenue Code. Procedures and forms for use in the administration and management of the Trust, or any Program thereof, shall be subject to the approval of the Trustee. If the Trustee contracts with a third party to provide services with respect to the administration and management of the Trust, or any Program thereof, the references in sections 3-22h-1 to 3-22h-9, inclusive, of the Regulations of Connecticut State Agencies to the Trust shall govern the performance of such services by such third party contractor.

(Adopted effective June 5, 2003; Amended September 13, 2016)