Missouri Revised Statutes













Chapter 166

Permanent Funds and Trusts

←166.421

Section 166.425.1

166.430→

August 28, 2015

Board to invest funds, use of funds--not deemed income, when.

166.425. All money paid by a participant in connection with participation

agreements shall be deposited as received and shall be promptly invested by

the board. Contributions and earnings thereon accumulated on behalf of

participants in the savings program may be used, as provided in the

participation agreement, for qualified higher education expenses. Such

contributions and earnings shall not be considered income for purposes of

determining a participant's eligibility for financial assistance under any

state student aid program.



(L. 1998 H.B. 1694, A.L. 1999 S.B. 460, A.L. 2008 S.B. 863)





1999



1999



166.425. All money paid by a participant in connection with

participation agreements shall be deposited as received and shall be

promptly invested by the board. Contributions and earnings thereon

accumulated on behalf of participants in the savings program may be used,

as provided in the participation agreement, for qualified higher education

expenses.



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