Rhode Island § 42-7.2-20.4 § 42-7.2-20.4. Contributions to be held in trust.

Rhode Island Statutes

§ 42-7.2-20.4 — § 42-7.2-20.4. Contributions to be held in trust.

Rhode Island § 42-7.2-20.4

Title 42State Affairs and Government

Ch. 42-7.2Office of Health and Human Services

This text of Rhode Island § 42-7.2-20.4 (§ 42-7.2-20.4. Contributions to be held in trust.) is published on Counsel Stack Legal Research, covering Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

R.I. Gen. Laws § 42-7.2-20.4 (2026).

Text

§ 42-7.2-20.4. Contributions to be held in trust.
(a) Funds contributed to the program shall be held in trust in a special account or accounts
            and shall not be co-mingled with any state funds appropriated by the general assembly
            for the support of the programs administered by the executive office.
         
(b) There shall be separate accounting for each designated beneficiary.
         
(c) Any designated beneficiary under such program may, directly or indirectly, direct
            the investment of any contributions to the program (or earnings thereon) no more than
            the allowable limit of 26 U.S.C. § 

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§ 42-7.2-20.4. Contributions to be held in trust.

(a) Funds contributed to the program shall be held in trust in a special account or accounts and shall not be co-mingled with any state funds appropriated by the general assembly for the support of the programs administered by the executive office.

(b) There shall be separate accounting for each designated beneficiary.

(c) Any designated beneficiary under such program may, directly or indirectly, direct the investment of any contributions to the program (or earnings thereon) no more than the allowable limit of 26 U.S.C. § 529A.