24 Pa. Stat. § 6901.310

Current through Pa Acts 2024-53, 2024-56 through 2024-111
Section 6901.310 - Payments on account of tuition shortfalls

If there are tuition shortfalls on account of beneficiaries of Tuition Account Guaranteed Savings Program Contracts attending a public institution or redeeming tuition credits at a private institution average tuition level and if such tuition shortfalls are not paid on behalf of the department pursuant to section 307(b) , the total shortfall with respect to that institution shall be paid from the earnings of the fund as a separate payment pursuant tosection 309(d)(3) or (e)(2)(ii) . The amount of shortfall payments shall be considered in determining the actuarial soundness of the fund as provided for insection 306(b)(2) .

24 P.S. § 6901.310

1992, April 3, P.L. 28, No. 11, § 310, imd. effective. Amended 2000, June 22, P.L. 418, No. 58, § 5, effective in 60 days.