NAC353B.160. Contract provisions: Restrictions on payment of tuition and other amounts charged for enrollment; payment of tuition for person designated as qualified beneficiary on more than one contract.

     1. Except as otherwise provided in subsection 2, a contract may not authorize the payment of:

     (a) Tuition for:

          (1) More than one qualified beneficiary; or

          (2) A person who is designated as a qualified beneficiary for another contract; or

     (b) Except for the amount of tuition authorized pursuant to NAC 353B.150, any other amounts charged for the enrollment of a qualified beneficiary into an eligible educational institution.

     2. More than one contract may authorize the payment of tuition for a person who is designated as a qualified beneficiary for the contracts if the contracts are in the amount of tuition described in subparagraphs (1) and (2) of paragraph (c) of subsection 1 of NAC 353B.150.

     (Added to NAC by Bd. of Trustees for Higher Educ. Tuition Trust Fund by R009-99, eff. 11-3-99; A by R079-00, 10-23-2000; A by Bd. of Trustees of College Savings Plans of Nev. by R055-09, 10-27-2009)