Minn. Stat. § 136G.01

Current through Register Vol. 49, No. 8, August 19, 2024

Section 136G.01 - PLAN ESTABLISHED

A college savings plan known as "the Minnesota college savings plan" or "the Minnesota 529 college savings plan" is established. In establishing this plan, the legislature seeks to encourage individuals to save for postsecondary education by:

(1) providing a qualified tuition plan under federal tax law; and

(2) encouraging individuals, foundations, and businesses to provide additional grants to participating students.

Minn. Stat. § 136G.01

1997 c 183 art 2 s 12; 1Sp2001 c 1 art 3 s 2, 23; 2003 c 133 art 3 s 4; 1Sp2011 c 5 art 2s 5

Amended by 2020 Minn. Laws, ch. 109,s 2-1, eff. 8/1/2020.