§18-30A-3. Definitions
For the purposes of this article, the following terms shall have the following meanings: (1) “Account owner” means the person who opens and invests money into a Jumpstart Savings Account, as provided in this article.
§18-30A-4. West Virginia Jumpstart Savings Program Established
The West Virginia Jumpstart Savings Program is hereby established, to be operable on or before July 1, 2022. The board shall implement and administer the program under the terms and conditions required by this article.
§18-30A-5. The Board of Trustees of the West Virginia College and Jumpstart Savings Programs
The West Virginia Jumpstart Savings Program shall be administered by the Board of Trustees of the West Virginia College and Jumpstart Savings Programs. The board is created in 18-30-4 of this code and is a public instrumentality of the State of West Virginia.
§18-30A-6. Powers of the Board to Implement and Administer the Jumpstart Savings Program
(a) The board shall implement and administer the Jumpstart Savings Program in accordance with this article and all applicable laws and regulations. (b) The board is authorized to take any lawful action necessary to effectuate the provisions of this article and successfully administer the program, subject to applicable state and federal law, including, but not […]
§18-30A-7. Powers and Duties of the Treasurer
(a) In order to implement and administer the program, the Treasurer shall: (1) Provide support staff and office space for the board;
§18-30A-8. West Virginia Jumpstart Savings Program Trust and Trust Fund Created; Administrative Account
(a) There is hereby established the Jumpstart Savings Program Trust, a public instrumentality of the State of West Virginia. The Jumpstart Savings Program Trust shall offer and issue interests in the trust to eligible members of the public. (b) There is hereby also established a Jumpstart Savings Program Trust Fund Account, titled the Jumpstart Savings […]