New Jersey Administrative Code
Title 9A - HIGHER EDUCATION
Chapter 10 - STUDENT LOAN AND COLLEGE SAVINGS PROGRAMS
Subchapter 7 - POLICY GOVERNING NEW JERSEY BETTER EDUCATIONAL SAVINGS TRUST (NJBEST) PROGRAM
Section 9A:10-7.21 - Assurance of the availability of principal
Universal Citation: NJ Admin Code 9A:10-7.21
Current through Register Vol. 56, No. 18, September 16, 2024
Pursuant to N.J.S.A. 18A:71B-44a, the assurance of the availability of principal shall only apply to qualified distributions from accounts wherein the investment manager is the Division of Investment in the Department of the Treasury. Qualified distributions are defined in accordance with 54A:6-25(c)(3).
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