Section 353B.615 - Opening of account; selection of investment option; reassignment of accounts under age-based investment option1. To open an account, an applicant must submit to the Plan Investment Manager a completed application and:(a) An initial contribution; or(b) A designation of an alternative method of funding approved by the Plan Investment Manager.2. An applicant must select an investment option in which all contributions to the account will be invested. After an account has been opened, the account owner may not change the investment option for the account, except as permitted by 26 U.S.C. § 529 and any regulations, rulings, announcements or other guidance issued pursuant thereto.3. Under the age-based investment option, reassignment of accounts to different "Years-to-College" portfolios will, with regard to those accounts in which the age of the designated beneficiary makes such reassignment appropriate, occur in accordance with the investment policies of the Program.Nev. Admin. Code § 353B.615
Added to NAC by St. Treasurer by R185-01, eff. 4-5-2002; A by R041-03, 10-29-2003; R054-09, 10-27-2009; A by R032-22A, eff. 9/8/2022