53B-8a-203. Donations to the program.
| (1) |
Terms Used In Utah Code 53B-8a-203- Donation: means a gift, grant, donation, or any other conveyance of money by a person other than the Legislature that is not made directly for the benefit or on behalf of a particular individual. See Utah Code 53B-8a-201
- Person: means :Utah Code 68-3-12.5
- Plan: means the Utah Educational Savings Plan created in Section 53B-8a-103. See Utah Code 53B-8a-102
- Program: means the Student Prosperity Savings Program created in Section 53B-8a-202. See Utah Code 53B-8a-201
- State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5
| (a) |
A person may make a donation to the program by:
| (i) |
sending the donation to the plan; and |
| (ii) |
including with the donation, direction that the donation benefit the program. |
|
| (b) |
A person making a donation shall include the person’s name and mailing address with the donation. |
|
| (2) |
| (a) |
The plan shall mail a receipt to the person that makes the donation. |
| (b) |
The receipt described in Subsection (2)(a) shall state:
| (i) |
the name of the person that made the donation; |
| (ii) |
the amount of the donation; and |
| (iii) |
the date on which the person makes the donation. |
|
| (c) |
The date on which the person makes a donation to the program is the date on which the plan receives the donation, unless the plan receives the donation on a Saturday, a Sunday, or a holiday, in which case the date on which the person makes the donation shall be the first business day after the day on which the plan receives the donation. |
|
Amended by Chapter 370, 2021 General Session
