930 CMR, § 6.21

Current through Register 1531, September 27, 2024
Section 6.21 - Exemption of State-sponsored College Savings and Investment Funds
(1)Purpose. The purpose of 930 CMR 6.21 is to allow state employees to participate in state-sponsored college savings and investment fund plans or programs.
(2)Exemption. A state employee may enter into, and receive the benefits of, any state-sponsored college savings and investment fund plan or program, provided that participation in such a program is readily available to the public at large, without violating M.G.L. c. 268A, § 7. Persons acting within this exemption remain subject to the other prohibitions of M.G.L. c. 268A, including § 6.

Example: A state employee may enroll in Massachusetts Educational Financing Authority savings and investment plans.

930 CMR, § 6.21