2 CRR-NY 156.3NY-CRR

STATE COMPILATION OF CODES, RULES AND REGULATIONS OF THE STATE OF NEW YORK
TITLE 2. DEPARTMENT OF AUDIT AND CONTROL
CHAPTER IV. MISCELLANEOUS RULES
PART 156. THE NEW YORK ACHIEVING A BETTER LIFE EXPERIENCE SAVINGS ACCOUNT ACT
2 CRR-NY 156.3
2 CRR-NY 156.3
156.3 Maximum contribution amount.
The amount contributed to an account for a designated beneficiary in the program shall not exceed the amount established by the Comptroller pursuant to section 84.09 of the Mental Hygiene Law. The program manager shall monitor contributions so as to prevent contributions to any account for a designated beneficiary when such contribution would cause the amount of money in such account to exceed this amount. Any amount tendered as a contribution, or portion of a contribution, that if accepted as a contribution would cause the amount in any account to exceed this amount, shall be rejected as a contribution and shall be returned to the contributor.
2 CRR-NY 156.3
Current through August 31, 2022
End of Document

IMPORTANT NOTE REGARDING CONTENT CURRENCY: The "Current through" date indicated immediately above is the date of the most recently produced official NYCRR supplement covering this rule section. For later updates to this section, if any, please: consult editions of the NYS Register published after this date; or contact the NYS Department of State Division of Administrative Rules at [email protected]. See Help for additional information on the currency of this unofficial version of NYS Rules.