Sec. 06.65.330. Governing law.
If a provision of this chapter conflicts with the requirements of the federal authorizing law for the program, the federal authorizing law governs to the extent of the conflict.
Sec. 06.65.340. Regulations.
The department may adopt regulations under AS 44.62 (Administrative Procedure Act) to implement this chapter.
Sec. 06.65.350. Annual report.
The department shall evaluate the program each year. The department shall submit an annual report containing the evaluation to the senate secretary and chief clerk of the house of representatives on or before the first day of each regular session of the legislature and shall notify the legislature that the report is available.
Sec. 06.65.390. Definitions.
In this chapter, (1) “department” means the Department of Revenue; (2) “designated beneficiary” means the eligible individual for whom a program account for qualified expenses is established under this chapter; (3) “eligible individual” means an individual who is eligible under AS 06.65.100; (4) “federal authorizing law” means 26 U.S.C. 529A (Internal Revenue Code) and the […]
Sec. 06.90.010. Automated teller machine fee.
Unless a fee is otherwise prohibited by or conflicts with federal law, a person that owns an automated teller machine may charge a fee for the use of the automated teller machine to conduct a transaction accessing an account from an international financial institution. In this section, (1) “automated teller machine” means an electronic device […]
Sec. 06.65.140. Program account application.
The application for a program account must be in the form established by the department and contain (1) the name, address, and social security number of the program account owner and, if applicable, the representative who opens the program account for the eligible individual; and (2) additional information that the department and the secretary determine […]
Sec. 06.65.300. Deposit from permanent fund dividend.
A person who is eligible under AS 43.23 to receive a permanent fund dividend may make a deposit into the program account of a designated beneficiary from and up to the amount of the person’s permanent fund dividend.
Sec. 06.65.150. Program account establishment fee.
The financial contractor may charge an eligible individual a nonrefundable fee for establishing a program account. The department shall establish the amount of the fee by contract with the financial contractor or by regulation.
Sec. 06.65.310. Program expense fund.
(a) The program expense fund is established as a separate fund of the state in the general fund. (b) The program expense fund consists of money appropriated to the fund to pay the expenses of the program. (c) The department shall pay the expenses incurred by the department to implement and administer the program from […]
Sec. 06.65.160. Program account contributions.
(a) As provided by the federal authorizing law, a person may make a contribution to a program account for the designated beneficiary. A person may also make a contribution to a program account under AS 14.40.802(f)(3). (b) A person may not make a contribution to open or add to a program account unless the person […]