Nevada Administrative Code
Chapter 353B - College Savings Plans of Nevada
NEVADA COLLEGE SAVINGS PROGRAM
Administration of Accounts
Section 353B.615 - Opening of account; selection of investment option; reassignment of accounts under age-based investment option

Universal Citation: NV Admin Code 353B.615

Current through December 12, 2024

1. To open an account, an applicant must submit to the Plan Investment Manager a completed application and:

(a) An initial contribution; or

(b) A designation of an alternative method of funding approved by the Plan Investment Manager.

2. An applicant must select an investment option in which all contributions to the account will be invested. After an account has been opened, the account owner may not change the investment option for the account, except as permitted by 26 U.S.C. § 529 and any regulations, rulings, announcements or other guidance issued pursuant thereto.

3. Under the age-based investment option, reassignment of accounts to different "Years-to-College" portfolios will, with regard to those accounts in which the age of the designated beneficiary makes such reassignment appropriate, occur in accordance with the investment policies of the Program.

Added to NAC by St. Treasurer by R185-01, eff. 4-5-2002; A by R041-03, 10-29-2003; R054-09, 10-27-2009; A by R032-22A, eff. 9/8/2022

NRS 353B.335

Disclaimer: These regulations may not be the most recent version. Nevada may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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