Maine Statutes
§ 20-A §11477 — Early termination or overfunding of participation agreement
Maine·Title 20-A EDUCATION·Part 5 POST-SECONDARY EDUCATION·Ch. 417-E MAINE EDUCATION SAVINGS PROGRAM
1.Cancellation.
The authority may by rule establish fees and penalties applicable to early termination, overfunding of accounts or failure to use the program fund for an eligible purpose.
2.Death or disability.
The authority may not levy or assess an administration refund fee or penalty upon a participant's termination of a participation agreement under the following circumstances:
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Legislative History
PL 1997, c. 732, §4 (NEW). PL 2017, c. 474, Pt. F, §5 (AMD).
Nearby Sections
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§ 20 §1
Department§ 20 §1-A
Department, commissioner§ 20 §1-B
Department; organization§ 20 §101
Appointment; salary§ 20 §1011
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Duty of parents; neglect§ 20 §1015
Weapons§ 20 §102
Duties§ 20 §103
Office§ 20 §104
Blanks for school returns§ 20 §105
Appointment of supervisors