Oregon Administrative Rules
Chapter 173 - OREGON 529 SAVINGS BOARD
Division 9 - CONTRIBUTIONS
Section 173-009-0000 - Contributions Generally
Current through Register Vol. 63, No. 9, September 1, 2024
(1) For all Network Plans, the minimum initial contribution that must be made to an account at the time the account is opened will be specified by the appropriate plan, except that the minimum initial contribution requirement for a plan may be waived if the account owner agrees to participate in an automatic investment plan or other similar regular periodic contribution plan for that account in accordance with the participation agreement governing the account or may be waived on such terms as specified by the appropriate plan. The board may at any time without notice change the minimum contribution amounts.
(2) The board reserves the right to refuse contributions that it determines to be an abuse of the network or a plan.
(3) Subsequent contributions made to an account will be in accordance with the appropriate plan's participation agreement governing the account.
Stat. Auth.: ORS 348.853(2)
Stats. Implemented: ORS 348.857(2) & 348.853(2)
