The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
Subchapter
007
:
VERMONT HIGHER EDUCATION INVESTMENT PLAN
(Cite as: 16 V.S.A. § 2879)
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§ 2879. Investment and payments
All money paid by a participant in connection with a participation agreement shall
be credited to the participant’s account as received, held by the Corporation in trust
for the benefit of the participant, and shall be promptly invested by the Corporation
as selected by the participant from the investment options available under the participation
agreement. Contributions and earnings accumulated in a participant’s Investment Plan
account may be used as provided in the participation agreement, including for payments
of qualified postsecondary education costs. The trust shall continue in existence
as long as it holds any funds belonging to a participant. (Added 1997, No. 79 (Adj. Sess.), § 1, eff. July 1, 1997; amended 2001, No. 58, § 4, eff. June 16, 2001; 2019, No. 154 (Adj. Sess.), § E.605.4, eff. Oct. 2, 2020.)