MCL - Index of Act 161 of 2000
NOTE: Dates reflect any modification to item, not necessarily a change in law.
| Title | Subject |
|---|---|
| Act 161 of 2000 | MICHIGAN EDUCATION SAVINGS PROGRAM ACT (390.1471 - 390.1486) |
| Section 390.1471 | Short title. |
| Section 390.1472 | Definitions. |
| Section 390.1473 | Michigan education savings program; establishment; soliciting proposals; duties and powers vested in treasurer; administration of program; funds trustee; personnel and services; selection of program manager; contract. |
| Section 390.1474 | Management contract; supervision by treasurer. |
| Section 390.1475 | Management contract; term; termination. |
| Section 390.1476 | Contracts. |
| Section 390.1477 | Education savings accounts; establishment; purpose; agreement; form of contribution; withdrawal; distributions; penalty; separate accounting for each beneficiary. |
| Section 390.1478 | Account owner or beneficiary; changes; transfer. |
| Section 390.1479 | Account owner or beneficiary; direction of contributions or earnings; selection of investment strategy; contributions by board members or employees; use of interest; restriction. |
| Section 390.1480 | Maximum account balance limit; limitation; rejection of contribution to designated beneficiary account; total balance of all accounts. |
| Section 390.1481 | Account distributions; report to internal revenue service and account owner; statements. |
| Section 390.1482 | Disclosure of information. |
| Section 390.1483 | Construction or interpretation of act and agreement. |
| Section 390.1484 | Obligation upon state, agency, or instrumentality of state. |
| Section 390.1485 | Annual report. |
| Section 390.1486 | Contributions and interest earned as tax exempt; withdrawals as taxable. |