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. 06.65.250. Use as security.
A person may not use a program account or an interest in a program account as security for a loan. If a person pledges a program account or an interest in a program account as security for a loan, the pledge is void.
Sec. 06.65.260. No state obligation.
(a) This chapter may not be construed to create an obligation of the state, the department, or an agency or instrumentality of the state to guarantee for the benefit of a designated beneficiary (1) the return of the principal deposited in the program account; (2) a rate of interest or other return on the principal […]
Sec. 06.65.270. Confidentiality.
The department, the Department of Health, and another state agency that receives information under AS 06.65.280 shall maintain the confidentiality of the information they receive or exchange under this chapter about eligible individuals, designated beneficiaries, and program accounts as required by state and federal law.
Sec. 06.65.280. Exchange of information.
The department may exchange information with the Department of Health and other state agencies to determine whether an individual is an eligible individual.
Sec. 06.65.130. Number of program accounts.
An eligible individual may not be the designated beneficiary on more than one program account.
Sec. 06.65.290. Treatment under means test programs.
(a) Notwithstanding a contrary provision of law, a state agency may not consider a program account amount in this or another state when determining the eligibility of the designated beneficiary of the program account to receive state assistance or state benefits or when determining the amount of state assistance or state benefits to be received […]