§ 37-155-19. Duties of the board
In addition to any other requirements of this article the board of directors shall: Make available summary information on the financial condition of the trust fund to all purchasers of prepaid college tuition contracts; Prepare, or cause to be prepared, an annual accounting of the trust fund and transmit a copy of same to the […]
§ 37-155-21. Statement regarding status of prepaid tuition contract
The board shall furnish without charge to each purchaser an annual statement of: The amount paid by the purchaser under the prepaid tuition contract; The number of years originally covered by the contract; The number of years remaining under the contract; and Any other information the board determines by rule is necessary or appropriate. The […]
§ 37-155-23. No promise or guarantee of admission
This article is not a promise or guarantee that the beneficiary will be: Admitted to any institution of higher education; Admitted to a particular institution of higher education after admission; Allowed to continue enrollment at an institution of higher education; or Graduated from an institution of higher education.
§ 37-155-25. Full faith and credit
The state shall agree to meet the obligations of the board to beneficiaries if monies in the fund fail to offset the obligations of the board. If there is not enough money in the fund to pay the tuition and required fees of the institution of higher education in which a beneficiary enrolls as provided […]
§ 37-155-27. Severability
The provisions of this article are severable. If any part of this article is declared invalid or unconstitutional, such declaration shall not affect the part which remains.
§ 37-155-1. Short title
This article shall be known and may be cited as the “Mississippi Prepaid Affordable College Tuition Program.”
§ 37-155-3. Declaration of policy
The Legislature hereby finds and declares as follows: Tuition and required fees at institutions of higher education are difficult for many to afford and difficult to predict. As a result, the ability of individuals and families to plan for future educational expenses has been adversely affected. It is in the best interest of the citizens […]