2011 Minnesota Statutes

136G.01 PLAN ESTABLISHED.

A college savings plan known as the Minnesota college savings plan is established. In establishing this plan, the legislature seeks to encourage individuals to save for postsecondary education by:

(1) providing a qualified tuition plan under federal tax law; and

(2) encouraging individuals, foundations, and businesses to provide additional grants to participating students.

History:

1997 c 183 art 2 s 12; 1Sp2001 c 1 art 3 s 2,23; 2003 c 133 art 3 s 4; 1Sp2011 c 5 art 2 s 5

NOTE: The amendment to this section by Laws 2011, First Special Session chapter 5, article 2, section 5, is effective July 1, 2012. Laws 2011, First Special Session chapter 5, article 2, section 5, the effective date.