§18-30-12. Confidentiality
Any information that would tend to disclose the identity of a beneficiary, account owner or donor is exempt from the provisions of chapter twenty-nine-b of this code. Nothing in this section prohibits disclosure or publication of information in a statistical or other form which does not identify the individuals involved or provide personal information. Account […]
§18-30-13. Remaining Obligations of the Prepaid Tuition Program and Escrow Fund
(a) The Prepaid Tuition Trust Escrow Fund, which was previously authorized by 18-30-6 of this code, is continued in the State Treasury to guarantee payment of outstanding obligations of the Prepaid Tuition Plan arising after the plans closure. The board is authorized to take any action necessary to satisfy obligations of the Prepaid Tuition Plan […]
§18-30A-1. Short Title
This article shall be known, and may be cited as, the “West Virginia Jumpstart Savings Act”.
§18-30A-2. Findings
(a) The Legislature recognizes the importance of cultivating an environment in West Virginia where our tradespersons and entrepreneurs can be successful in their careers and remain in their home state. The Legislature finds that a savings and investment program to assist our citizens who wish to embark on a new trade or establish a new […]
§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 […]