§ 6-82-2005. Planning grants for additional years of residency
(a) If the Graduate Medical Education Residency Expansion Board determines that funds appropriated under this subchapter are available after all eligible planning grant applications under §§ 6-82-2002 and 6-82-2003 have been funded, the board shall award planning grants from excess funds to support medical residents who: (1) Have completed at least three (3) years of […]
§ 6-84-101. Title
This chapter shall be known and may be cited as the “Arkansas Tax-Deferred Tuition Savings Program Act”.
§ 6-84-102. Purpose
It is the intent and purpose of this chapter to create and establish the Arkansas Tax-Deferred Tuition Savings Program pursuant to 26 U.S.C. § 529, as in effect on January 1, 2018, to be administered by the Section 529 Plan Review Committee through the adoption of rules for the administration of the program.
§ 6-84-103. Definitions
As used in this chapter: (1) “Account” means an account established in accordance with this chapter; (2) “Account owner” means the person who, under this chapter or the rules promulgated by the Section 529 Plan Review Committee, is entitled to select or change the designated beneficiary of an account, to designate any person other than […]
§ 6-84-104. Creation of the Arkansas Tax-Deferred Tuition Savings Program Trust
(a) There is created the Arkansas Tax-Deferred Tuition Savings Program Trust. (b) The cotrustees of the trust shall be the Director of the Division of Higher Education, the Executive Director of the Arkansas Teacher Retirement System, and the Treasurer of State.
§ 6-84-105. Administration — Authority — Powers
(a) This chapter shall be administered by the Section 529 Plan Review Committee, which shall be composed of: (1) The Director of the Division of Higher Education; (2) The Executive Director of the Arkansas Teacher Retirement System; and (3) The Treasurer of State. (b) The committee shall adopt such rules as it deems necessary and […]
§ 6-84-106. Investment direction
Except as permitted in 26 U.S.C. § 529, as in effect on January 1, 2018, no person shall have the right to direct the investment of any contributions to or earnings from the Arkansas Tax-Deferred Tuition Savings Program.
§ 6-84-107. Accounts
(a) (1) An account owner or contributor may establish an account by making an initial contribution to the Arkansas Tax-Deferred Tuition Savings Program, signing an application form approved by the Section 529 Plan Review Committee and naming the account owner and the designated beneficiary. (2) If the contributor is not the account owner, the account […]
§ 6-82-1803. Arkansas Future Grant
(a) (1) An Arkansas Future Grant shall be in an amount equal to the tuition, fees, and other charges incurred by a student who meets the requirements under § 6-82-1802 to attend an approved institution of higher education less the amount the student receives in: (A) State-supported student financial assistance; (B) Federal student financial assistance; […]
§ 6-84-108. Naming of designated beneficiary and transfers of accounts
(a) An account owner shall have the right to name the designated beneficiary of an account and at any time to change the designated beneficiary of an account to another individual who is a member of the family of the former designated beneficiary. (b) At the direction of an account owner, all or a portion […]