Statutes, codes, and regulations
Indiana Code
Title 21 - HIGHER EDUCATIONArticle 9 - EDUCATION SAVINGS PROGRAMS
Chapter 7 - INDIANA FAMILY COLLEGE SAVINGS PROGRAMS
Section 21-9-7-9 - Authorization to adopt rules to establish a penalty

Ind. Code § 21-9-7-9

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Current through P.L. 171-2024
Section 21-9-7-9 - Authorization to adopt rules to establish a penalty

The authority may adopt rules under IC 4-22-2 to establish a penalty for a distribution that is not used exclusively for the qualified higher education expenses of an account beneficiary. However, the authority may not establish a penalty for distributions described in section 1(1) of this chapter.

IC 21-9-7-9

Amended by P.L. 93-2024,SEC. 154, eff. 7/1/2024.
As added by P.L. 25-1999, SEC.14. Amended by P.L. 135-2002, SEC.26.