Nevada Administrative Code
Chapter 353B - College Savings Plans of Nevada
NEVADA HIGHER EDUCATION PREPAID TUITION PROGRAM
Enrollment in Program; Administration; Benefits
Section 353B.200 - Board to establish and give public notice of dates for enrollment and of certain rates
Universal Citation: NV Admin Code 353B.200
Current through December 12, 2024
The Board will annually:
1. Establish:
(a) Guaranteed rates for the prepayment of tuition pursuant to a contract;
(b) Specific dates for enrollment in the Program;
(c) A rate of interest for the provision of any refunds pursuant to NAC 353B.010 to 353B.510, inclusive, of payments received during the immediately preceding year, which must be based upon the net return on the investment of money in the Trust Fund during that year;
(d) For the purpose of imposing a penalty pursuant to paragraph (c) of subsection 2 of NAC 353B.510, the estimated rate of return on investments in the Trust Fund; and
(e) A rate of discount for the payment of the remaining balance of a contract in a lump sum pursuant to NAC 353B.360; and
2. Provide public notice of those rates and dates, either separately or together, by posting a copy of the notice at the principal office of the Board and at not less than three other separate, prominent places within this State.
Added to NAC by Bd. of Trustees for Higher Educ. Tuition Trust Fund by R009-99, eff. 11-3-99; A by Bd. of Trustees of College Savings Plans of Nev. by R055-09, 10-27-2009
NRS 353B.090, 353B.100
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