Nevada Administrative Code (Last Updated: January 6, 2015) |
Chapter353B College Savings Plans of Nevada |
NEVADA COLLEGE SAVINGS PROGRAM |
Distributions From and Termination of Accounts |
NAC353B.680. Refund of all or part of qualified distribution.
Latest version.
- A refund of all or part of a qualified distribution that is used to pay for qualified higher education expenses of a designated beneficiary must be paid by the higher education institution to the Plan Investment Manager for credit to the appropriate accounts for that designated beneficiary.
(Added to NAC by St. Treasurer by R185-01, eff. 4-5-2002; A by R054-09, 10-27-2009)