Section 166.501 – Program established as alternative to Missouri education program.
Effective – 28 Aug 2018, 2 histories 166.501. Program established as alternative to Missouri education program. — Notwithstanding the provisions of sections 166.400 to 166.456 to the contrary, the higher education deposit program is established as a nonexclusive alternative to the Missouri education * program, and any participant may elect to participate in both programs […]
Section 166.502 – Definitions.
Effective – 28 Aug 2021, 3 histories 166.502. Definitions. — As used in sections 166.500 to 166.529, except where the context clearly requires another interpretation, the following terms mean: (1) “Beneficiary”, any individual designated by a participation agreement to benefit from payments for qualified higher education expenses at an eligible educational institution; (2) “Benefits”, the […]
Section 166.505 – Program created, Missouri education program board to administer, powers and duties — investment of funds.
Effective – 28 Aug 2018, 2 histories 166.505. Program created, Missouri education program board to administer, powers and duties — investment of funds. — 1. There is hereby created the “Missouri Higher Education Deposit Program”. The program shall be administered by the Missouri education * program board. 2. In order to establish and administer the […]
Section 166.420 – Participation agreements, terms and conditions — contribution limitation — penalty.
Effective – 28 Aug 2021, 4 histories 166.420. Participation agreements, terms and conditions — contribution limitation — penalty. — 1. The board may enter into program participation agreements with participants on behalf of beneficiaries pursuant to the provisions of sections 166.400 to 166.455, including the following terms and conditions: (1) A participation agreement shall stipulate […]
Section 166.421 – Income tax refund, contribution to education savings account — election, how made.
Effective – 28 Aug 2015 166.421. Income tax refund, contribution to education savings account — election, how made. — 1. A participant may elect to contribute all or part of a refund of personal income tax to an account that has been established under sections 166.400 to 166.456 by direct deposit to the financial institution […]
Section 166.425 – Board to invest funds, use of funds — not deemed income, when.
Effective – 28 Aug 2021, 3 histories 166.425. Board to invest funds, use of funds — not deemed income, when. — All money paid by a participant in connection with participation agreements shall be deposited as received and shall be promptly invested by the board. Contributions and earnings thereon accumulated on behalf of participants in […]
Section 166.430 – Cancellation of agreement, results — penalty.
Effective – 28 Aug 2018, 2 histories 166.430. Cancellation of agreement, results — penalty. — Any participant may cancel a participation agreement at will. The board shall impose a penalty equal to or greater than ten percent of the earnings of an account for any distribution that is not: (1) Used exclusively for qualified education […]
Section 166.161 – Election on proposal to distribute fund — annual apportionment of balance of fund — effect on state aid.
Effective – 01 Jan 1983 166.161. Election on proposal to distribute fund — annual apportionment of balance of fund — effect on state aid. — 1. The proposal shall be submitted to the voters of the county. 2. The question shall be submitted in substantially the following form: Shall there be an annual distribution of […]
Section 166.275 – Appropriations to satisfy certain judgments transferred to school moneys fund — amount, distribution.
Effective – 01 Jul 2006 166.275. Appropriations to satisfy certain judgments transferred to school moneys fund — amount, distribution. — 1. Any amount of the difference by which the total amount appropriated by the state to school districts, in accordance with a judgment or order based on the equal protection clause of the fourteenth amendment […]
Section 166.300 – Definitions — school building revolving fund created — lease purchases for projects, plan — eligibility for a lease purchase — ranking of projects — plan waived, when — repayment, interest — failure to make annual payments, state to take possession of buildings, procedure.
Effective – 28 Aug 2003, 2 histories 166.300. Definitions — school building revolving fund created — lease purchases for projects, plan — eligibility for a lease purchase — ranking of projects — plan waived, when — repayment, interest — failure to make annual payments, state to take possession of buildings, procedure. — 1. As used […]