Indiana Statutes
§ 21-9-7-9 — Authorization to adopt rules to establish a penalty
Indiana·Title 21 HIGHER EDUCATION·Art. 9 EDUCATION SAVINGS PROGRAMS·Ch. 7 Indiana Family College Savings Programs
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.
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Indiana § 21-9-7-9 (Authorization to adopt rules to establish a penalty) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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§ 21-12-1-10
"Frank O'Bannon grant"§ 21-12-1-11
"Fund"§ 21-12-1-11.5
"Prior learning assessment"§ 21-12-1-12
Repealed§ 21-12-1-13
"Program"§ 21-12-1-14
"Scholarship"§ 21-12-1-15
"Scholarship applicant"§ 21-12-1-16
"Scholarship recipient"§ 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"§ 21-12-1-5
"Approved secondary school"§ 21-12-1-6
"Commission"