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§ 6901.310. Payments on account of tuition shortfalls

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 24 P.S. EducationEffective: August 21, 2000

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 24 P.S. Education
Chapter 45. Tuition Account Programs and College Savings Bond Act (Refs & Annos)
Chapter 3. Tuition Account Programs
Effective: August 21, 2000
24 P.S. § 6901.310
§ 6901.310. Payments on account of tuition shortfalls
If there are tuition shortfalls on account of beneficiaries of Tuition Account Guaranteed Savings Program Contracts attending a public institution or redeeming tuition credits at a private institution average tuition level and if such tuition shortfalls are not paid on behalf of the department pursuant to section 307(b),1 the total shortfall with respect to that institution shall be paid from the earnings of the fund as a separate payment pursuant to section 309(d)(3) or (e)(2)(ii).2 The amount of shortfall payments shall be considered in determining the actuarial soundness of the fund as provided for in section 306(b)(2).3

Credits

1992, April 3, P.L. 28, No. 11, § 310, imd. effective. Amended 2000, June 22, P.L. 418, No. 58, § 5, effective in 60 days.

Footnotes

24 P.S. § 6901.307.
24 P.S. § 6901.309.
24 P.S. § 6901.306.
24 P.S. § 6901.310, PA ST 24 P.S. § 6901.310
Current through the end of the 2023 Regular Session. Some statute sections may be more current, see credits for details.
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