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
008
:
VERMONT UNIVERSAL CHILDREN'S HIGHER EDUCATION SAVINGS ACCOUNT PROGRAM
(Cite as: 16 V.S.A. § 2880b)
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§ 2880b. Vermont Universal Children’s Higher Education Savings Account Program Fund
(a) The Vermont Universal Children’s Higher Education Savings Account Program Fund is
established as a fund to be held, directed, and administered by the Corporation. The
Corporation shall invest and reinvest, or cause to be invested and reinvested, funds
in the Program Fund for the benefit of the Program.
(b) The following sources of funds shall be deposited into the Program Fund:
(1) any grants, gifts, and other funds intended for deposit into the Program Fund from
any individual or private or public entity, provided that contributions may be limited
in application to specified age cohorts of beneficiaries; and
(2) all interest, dividends, and other pecuniary gains from investment of funds in the
Program Fund.
(c) Funds in the Program Fund shall be used solely to carry out the purposes and provisions
of this subchapter, including payment by the Corporation of the administrative costs
of the Program and the Program Fund and of the costs associated with providing financial
education to benefit Program beneficiaries and their parents and legal guardians.
Funds in the Program Fund may not be transferred or used by the Corporation or the
State for any purposes other than the purposes of the Program. (Added 2015, No. 45, § 2.)