Indiana Statutes

§ 21-9-7-9 — Authorization to adopt rules to establish a penalty

Indiana § 21-9-7-9
JurisdictionIndiana
Title 21HIGHER EDUCATION
Art. 9EDUCATION SAVINGS PROGRAMS
Ch. 7Indiana Family College Savings Programs

This text of Indiana § 21-9-7-9 (Authorization to adopt rules to establish a penalty) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Ind. Code § 21-9-7-9 (2026).

Text

The authority may adopt rules under IC 4-22-2 to establish a penalty for a distribution that is not used exclusively for the qualified higher education expenses of an account beneficiary. However, the authority may not establish a penalty for distributions described in section 1(1) of this chapter.

Free access — add to your briefcase to read the full text and ask questions with AI

Legislative History

As added by P.L.25-1999, SEC.14. Amended by P.L.135-2002, SEC.26; P.L.93-2024, SEC.154.

Nearby Sections

15
§ 21-12-1-1
Definitions
§ 21-12-1-11
"Fund"
§ 21-12-1-12
Repealed
§ 21-12-1-13
"Program"
§ 21-12-1-14
"Scholarship"
§ 21-12-1-2
"Academic term"
§ 21-12-1-3
"Academic year"
§ 21-12-1-4
"Active duty"
§ 21-12-1-4.5
"Adult student grant"
§ 21-12-1-6
"Commission"
View on official source ↗

Cite This Page — Counsel Stack

Bluebook (online)
Indiana § 21-9-7-9, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/21-9-7-9.