Effective 7/1/2023
35A-9-606. Reporting to the department — Annual report.
| (1) |
On or before September 1, the plan shall submit to the department the aggregate average balance in eligible 529 savings accounts during the previous calendar year. |
Terms Used In Utah Code 35A-9-606
| (2) |
The department shall include in the annual report required by Section 35A-1-109 the following information for the previous calendar year:
| (a) |
the number of qualifying individuals to whom the department provides notice of the program; |
| (b) |
the number of applications for the program; |
| (c) |
the number of applications for the program from qualifying individuals; |
| (d) |
the number of qualifying individuals participating in the program; |
| (e) |
the number of eligible 529 savings accounts that receive a match; |
| (f) |
the total dollar amount provided as a match; and |
| (g) |
the aggregate average balance in eligible 529 savings accounts as reported by the plan. |
|
Enacted by Chapter 52, 2023 General Session
