Kentucky Statutes 41.415 – STABLE Kentucky accounts — Administration — Cooperative agreements
Current as of: 2024 | Check for updates
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(1) As used in this section, “STABLE Kentucky account” has the same meaning as in
KRS § 164A.260.
(2) The Department of the Treasury shall be responsible for administering in accordance with this section and KRS § 164A.260 and promoting STABLE Kentucky accounts.
(3) In order to ensure that the program is administered in a cost-effective manner, the Department of the Treasury may enter into any cooperative agreements, contracts, or similar instruments with:
(a) Other states which administer programs created under 26 U.S.C. § 529A; (b) Other agencies or departments of the Commonwealth; or
(c) A nonprofit organization tasked with providing services to individuals who are eligible for a STABLE Kentucky account.
Effective: June 29, 2023
History: Amended 2023 Ky. Acts ch. 157, sec. 1, effective June 29, 2023. — Created
2019 Ky. Acts ch. 125, sec. 2, effective June 27, 2019.
KRS § 164A.260.
(2) The Department of the Treasury shall be responsible for administering in accordance with this section and KRS § 164A.260 and promoting STABLE Kentucky accounts.
(3) In order to ensure that the program is administered in a cost-effective manner, the Department of the Treasury may enter into any cooperative agreements, contracts, or similar instruments with:
(a) Other states which administer programs created under 26 U.S.C. § 529A; (b) Other agencies or departments of the Commonwealth; or
(c) A nonprofit organization tasked with providing services to individuals who are eligible for a STABLE Kentucky account.
Effective: June 29, 2023
History: Amended 2023 Ky. Acts ch. 157, sec. 1, effective June 29, 2023. — Created
2019 Ky. Acts ch. 125, sec. 2, effective June 27, 2019.