49-7-806 - Tuition contracts. - Tennessee Statutes

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49-7-806. Tuition contracts.

The board may enter into a tuition contract with a purchaser for the purchase of tuition units on behalf of a beneficiary through the educational services plan or for the creation and deposit of contributions to a savings account through the educational savings plan, or both; provided, that the total amount of contributions made to both plans on behalf of a single designated beneficiary does not exceed any limits imposed by the board pursuant to § 49-7-805.

[Acts 1996, ch. 991, § 1; 1999, ch. 233, § 14.]

State Codes and Statutes

Statutes > Tennessee > Title-49 > Chapter-7 > Part-8 > 49-7-806

49-7-806. Tuition contracts.

The board may enter into a tuition contract with a purchaser for the purchase of tuition units on behalf of a beneficiary through the educational services plan or for the creation and deposit of contributions to a savings account through the educational savings plan, or both; provided, that the total amount of contributions made to both plans on behalf of a single designated beneficiary does not exceed any limits imposed by the board pursuant to § 49-7-805.

[Acts 1996, ch. 991, § 1; 1999, ch. 233, § 14.]

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State Codes and Statutes

Statutes > Tennessee > Title-49 > Chapter-7 > Part-8 > 49-7-806

49-7-806. Tuition contracts.

The board may enter into a tuition contract with a purchaser for the purchase of tuition units on behalf of a beneficiary through the educational services plan or for the creation and deposit of contributions to a savings account through the educational savings plan, or both; provided, that the total amount of contributions made to both plans on behalf of a single designated beneficiary does not exceed any limits imposed by the board pursuant to § 49-7-805.

[Acts 1996, ch. 991, § 1; 1999, ch. 233, § 14.]