Illinois Administrative Code
Title 23 - EDUCATION AND CULTURAL RESOURCES
Part 2500 - COLLEGE SAVINGS POOL
Section 2500.100 - Debt
Universal Citation: 23 IL Admin Code ยง 2500.100
Current through Register Vol. 48, No. 38, September 20, 2024
a) The Pool may not incur any indebtedness. The interests of the account owners and the designated beneficiaries shall not be treated as indebtedness under this Section.
b) No interest in the Pool, or any portion of the Pool, may be used as security for a loan.
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