N.J. Admin. Code § 9A:10-7.10
Current through Register Vol. 56, No. 11, June 3, 2024
A contributor may rollover all or a portion of an account to an alternative investment strategy if offered by the NJBEST Program for the benefit of the designated beneficiary or to the benefit of another designated beneficiary who is a member of the family of the current beneficiary as permitted in section 529 of the Federal Internal Revenue Code of 1986, 26 U.S.C. § 529, by providing the Authority prior notice of the request to change and evidence acceptable to the Authority that the new beneficiary is the same as the current beneficiary or is a member of the family of the current designated beneficiary as permitted in section 529 of the Federal Internal Revenue Code of 1986, 26 U.S.C. § 529.
N.J. Admin. Code § 9A:10-7.10
See: 33 New Jersey Register 4053(a), 34 New Jersey Register 3086(a).
Former N.J.A.C. 9A:10-7.10, Statements, reports on distributions, information returns, recodified to N.J.A.C. 9A:10-7.13.
Amended by R.2004 d.138, effective 4/5/2004.
See: 35 New Jersey Register 5532(a), 36 New Jersey Register 1777(a).
Substituted "prior notice" for "60 days' notice" preceding "of the request to change".