Chapter 63 - HIGHER EDUCATION SAVINGS PLAN
- Section 13-63-1 - [Effective Until 7/1/2024] Definitions
- Section 13-63-1 - [Effective 7/1/2024] Definitions
- Section 13-63-2 - Powers of South Dakota Investment Council
- Section 13-63-3 - Depositories and managers-Bidding by financial institutions-Selection criteria
- Section 13-63-4 - Contract with financial institution to serve as program manager
- Section 13-63-5 - Duties of program manager
- Section 13-63-6 - Term of contract between council and financial institution
- Section 13-63-7 - Conditions applicable to nonrenewed contracts
- Section 13-63-8 - Termination of contract for good cause-Transfer of accounts
- Section 13-63-9 - Program operated through accounts-Requirements to open
- Section 13-63-10 - Contributions to accounts
- Section 13-63-11 - Withdrawals from account
- Section 13-63-12 - Changing designated beneficiary
- Section 13-63-13 - Transferring funds to another account-Conditions
- Section 13-63-14 - Limitations on changing designated beneficiary and rolling over funds
- Section 13-63-15, 13-63-16 - [Repealed]
- Section 13-63-17 - Accounts to be maintained separately
- Section 13-63-18 - No direction of investments-Limited options permitted-Financial institution obligation
- Section 13-63-19 - Council to select financial institution in event of transfer of accounts-Exception
- Section 13-63-20 - Interest in account not subject to levy, judgment or garnishment-Not deemed asset-Interest not to be used as security-Inclusion as gross asset
- Section 13-63-21 - Council to adopt rules to prevent excess contributions
- Section 13-63-21.1 - Excess contributions-Processing
- Section 13-63-22 - Account distributions to be reported as required by federal law
- Section 13-63-23 - Account statements-Contents
- Section 13-63-24 - Statements to comply with federal or state tax laws
- Section 13-63-25 - Government and non-profit organizations as account owners-Beneficiaries identified after account opened
- Section 13-63-26 - Identifying information of account holders and beneficiaries confidential
- Section 13-63-27 - Account balance of beneficiary student treated as asset of parent-Exceptions
- Section 13-63-28 - Limitations of chapter
- Section 13-63-29 - Chapter does not establish guarantees
- Section 13-63-30 - Mandated disclaimers
- Section 13-63-31 - Annual report by council
- Section 13-63-32 - Immunity from liability