Illinois Administrative Code
Title 23 - EDUCATION AND CULTURAL RESOURCES
Part 2500 - COLLEGE SAVINGS POOL
Section 2500.30 - Application Process
Current through Register Vol. 48, No. 52, December 27, 2024
a) The Treasurer may permit persons, including trustees of trusts and custodians under a Uniform Transfers to Minors Act or Uniform Gifts to Minors Act account, and certain legal entities to be account owners, including as part of a scholarship program, provided that:
b) Applications may be processed through a program manager. Completed applications must be submitted as specified in the application form and the program disclosure statement.
c) The Treasurer shall create applications for participation in the Pool to be completed by the applicant. The applicant shall be responsible for providing all of the information requested by the Treasurer. The application shall include, but is not limited to, the following information:
d) The Treasurer shall keep all information received from applicants and account owners confidential and may only share the information as required by law or as necessary to operate the College Savings Pool.
e) When an application is submitted through a financial advisor, the financial advisor shall provide information regarding the financial advisor on the application to enable the Treasurer to open an account for the applicant.
f) Applications may include an initial contribution to the Pool in a manner set forth in Section 2500.60. No minimum contribution shall be required to open an account. Applications that are incomplete and applications that fail to meet the guidelines established by the Treasurer or set by the Code may be rejected.