New York Codes, Rules and Regulations
Title 2 - DEPARTMENT OF AUDIT AND CONTROL
Chapter IV - Miscellaneous Rules
Part 151 - The New York State College Choice Tuition Savings Program
Section 151.6 - Confirmation of death, disability or scholarship of designated beneficiary for an early withdrawal
Current through Register Vol. 46, No. 12, March 20, 2024
(a) Prior to an early withdrawal from an account due to the death or disability of the designated beneficiary of that account, or because the designated beneficiary has received a scholarship to be applied toward attendance at an eligible educational institution, the account owner shall certify the reason for the withdrawal and provide written confirmation from a third-party that the designated beneficiary has in fact died, become disabled, or received a scholarship for attendance at an eligible educational institution. A request to make an early withdrawal due to the death or disability of, or a scholarship award to, the designated beneficiary shall not be considered complete until such third-party written confirmation is received by the program manager.
(b) For purposes of subdivision (a) of this section, third-party written confirmation shall consist of the following documentation: