540 IAC 1 — ARTICLE 1. FAMILY COLLEGE SAVINGS TRUST PROGRAM PROCEDURES AND OPERATIONS

TITLE 540 INDIANA EDUCATION SAVINGS AUTHORITY

ARTICLE 1. FAMILY COLLEGE SAVINGS TRUST PROGRAM PROCEDURES AND OPERATIONS

Rule 1

540 IAC 1-1-1 540 IAC 1-1-1 Applicability (Repealed)

Rule 1. Definitions

540 IAC 1-1-1 Applicability (Repealed)

Sec. 1.

(Repealed by Indiana Education Savings Authority; filed Jul 8, 2009, 4:07 p.m.: 20090805-IR- 540080548FRA)

540 IAC 1-1-2 540 IAC 1-1-2 "Academic period" defined (Repealed)

540 IAC 1-1-2 "Academic period" defined (Repealed)

Sec. 2.

(Repealed by Indiana Education Savings Authority; filed Jul 8, 2009, 4:07 p.m.: 20090805-IR- 540080548FRA)

540 IAC 1-1-3 540 IAC 1-1-3 "Account" defined (Expired)

540 IAC 1-1-3 "Account" defined (Expired)

Sec. 3.

(Expired under IC 4-22-2.5, effective January 1, 2009.)

540 IAC 1-1-4 540 IAC 1-1-4 "Account owner" defined (Expired)

540 IAC 1-1-4 "Account owner" defined (Expired)

Sec. 4.

(Expired under IC 4-22-2.5, effective January 1, 2009.)

540 IAC 1-1-5 540 IAC 1-1-5 "Administrative account" defined (Repealed)

540 IAC 1-1-5 "Administrative account" defined (Repealed)

Sec. 5.

(Repealed by Indiana Education Savings Authority; filed Jul 8, 2009, 4:07 p.m.: 20090805-IR- 540080548FRA)

540 IAC 1-1-6 540 IAC 1-1-6 "Administrative fee" defined (Expired)

540 IAC 1-1-6 "Administrative fee" defined (Expired)

Sec. 6.

(Expired under IC 4-22-2.5, effective January 1, 2009.)

540 IAC 1-1-7 540 IAC 1-1-7 "Administrator fee" defined (Expired)

540 IAC 1-1-7 "Administrator fee" defined (Expired)

Sec. 7.

(Expired under IC 4-22-2.5, effective January 1, 2009.)

540 IAC 1-1-7.5 540 IAC 1-1-7.5 "Adoption agreement" defined (Expired)

540 IAC 1-1-7.5 "Adoption agreement" defined (Expired)

Sec. 7.5.

(Expired under IC 4-22-2.5, effective January 1, 2009.)

540 IAC 1-1-8 540 IAC 1-1-8 "Authority" defined (Repealed)

540 IAC 1-1-8 "Authority" defined (Repealed)

Sec. 8.

(Repealed by Indiana Education Savings Authority; filed Jul 8, 2009, 4:07 p.m.: 20090805-IR- 540080548FRA)

540 IAC 1-1-9 540 IAC 1-1-9 "Beneficiary" defined (Expired)

540 IAC 1-1-9 "Beneficiary" defined (Expired)

Sec. 9.

(Expired under IC 4-22-2.5, effective January 1, 2009.)

540 IAC 1-1-10 540 IAC 1-1-10 "Board" defined (Repealed)

540 IAC 1-1-10 "Board" defined (Repealed)

Sec. 10.

(Repealed by Indiana Education Savings Authority; filed Jul 8, 2009, 4:07 p.m.: 20090805-IR- 540080548FRA)

540 IAC 1-1-10.5 540 IAC 1-1-10.5 "Contributor" defined (Expired)

540 IAC 1-1-10.5 "Contributor" defined (Expired)

Sec. 10.5.

(Expired under IC 4-22-2.5, effective January 1, 2009.)

540 IAC 1-1-11 540 IAC 1-1-11 "Eligible educational institution" defined (Repealed)

540 IAC 1-1-11 "Eligible educational institution" defined (Repealed)

Sec. 11.

(Repealed by Indiana Education Savings Authority; filed Jul 8, 2009, 4:07 p.m.: 20090805-IR- 540080548FRA)

540 IAC 1-1-11.5 540 IAC 1-1-11.5 "Internal Revenue Code" defined (Expired)

540 IAC 1-1-11.5 "Internal Revenue Code" defined (Expired)

Sec. 11.5.

(Expired under IC 4-22-2.5, effective January 1, 2009.)

540 IAC 1-1-11.6 540 IAC 1-1-11.6 "Member of the family" defined (Expired)

540 IAC 1-1-11.6 "Member of the family" defined (Expired)

Sec. 11.6.

(Expired under IC 4-22-2.5, effective January 1, 2009.)

540 IAC 1-1-12 540 IAC 1-1-12 "Nonqualified distribution" defined (Expired)

540 IAC 1-1-12 "Nonqualified distribution" defined (Expired)

Sec. 12.

(Expired under IC 4-22-2.5, effective January 1, 2009.)

540 IAC 1-1-13 540 IAC 1-1-13 "Penalty" defined (Expired)

540 IAC 1-1-13 "Penalty" defined (Expired)

Sec. 13.

(Expired under IC 4-22-2.5, effective January 1, 2009.)

540 IAC 1-1-14 540 IAC 1-1-14 "Program" defined (Expired)

540 IAC 1-1-14 "Program" defined (Expired)

Sec. 14.

(Expired under IC 4-22-2.5, effective January 1, 2009.)

540 IAC 1-1-15 540 IAC 1-1-15 "Program administrator" defined (Repealed)

540 IAC 1-1-15 "Program administrator" defined (Repealed)

Sec. 15.

(Repealed by Indiana Education Savings Authority; filed Jul 8, 2009, 4:07 p.m.: 20090805-IR- 540080548FRA)

540 IAC 1-1-16 540 IAC 1-1-16 "Qualified higher education expenses" defined (Expired)

540 IAC 1-1-16 "Qualified higher education expenses" defined (Expired)

Sec. 16.

(Expired under IC 4-22-2.5, effective January 1, 2009.)

540 IAC 1-1-16.5 540 IAC 1-1-16.5 "Rollover" defined (Expired)

540 IAC 1-1-16.5 "Rollover" defined (Expired)

Sec. 16.5.

(Expired under IC 4-22-2.5, effective January 1, 2009.)

540 IAC 1-1-17 540 IAC 1-1-17 "Scholarship" defined (Repealed)

540 IAC 1-1-17 "Scholarship" defined (Repealed)

Sec. 17.

(Repealed by Indiana Education Savings Authority; filed Jul 8, 2009, 4:07 p.m.: 20090805-IR- 540080548FRA)

540 IAC 1-1-18 540 IAC 1-1-18 "Trustee" defined (Repealed)

540 IAC 1-1-18 "Trustee" defined (Repealed)

Sec. 18.

(Repealed by Indiana Education Savings Authority; filed Jul 8, 2009, 4:07 p.m.: 20090805-IR- 540080548FRA)

540 IAC 1-2 Rule 2. Program Administrator's Duties (Repealed)

Rule 2. Program Administrator's Duties (Repealed)

(Repealed by Indiana Education Savings Authority; filed Jul 8, 2009, 4:07 p.m.: 20090805-IR-540080548FRA)

Rule 3

540 IAC 1-3-1 540 IAC 1-3-1 Eligibility (Repealed)

Rule 3. Account Owner Eligibility

540 IAC 1-3-1 Eligibility (Repealed)

Sec. 1.

(Repealed by Indiana Education Savings Authority; filed Jul 8, 2009, 4:07 p.m.: 20090805-IR- 540080548FRA)

540 IAC 1-3-2 540 IAC 1-3-2 Contributors (Repealed)

540 IAC 1-3-2 Contributors (Repealed)

Sec. 2.

(Repealed by Indiana Education Savings Authority; filed Jul 8, 2002, 1:51 p.m.: 25 IR 4109)

540 IAC 1-4 Rule 4. Beneficiary Eligibility (Repealed)

Rule 4. Beneficiary Eligibility (Repealed)

(Repealed by Indiana Education Savings Authority; filed Jul 8, 2009, 4:07 p.m.: 20090805-IR-540080548FRA)

Rule 5

540 IAC 1-5-1 540 IAC 1-5-1 Beneficiary change (Expired)

Rule 5. Change of Beneficiary

540 IAC 1-5-1 Beneficiary change (Expired)

Sec. 1.

(Expired under IC 4-22-2.5, effective January 1, 2009.)

540 IAC 1-5-2 540 IAC 1-5-2 Administrative fee (Repealed)

540 IAC 1-5-2 Administrative fee (Repealed)

Sec. 2.

(Repealed by Indiana Education Savings Authority; filed Jul 8, 2002, 1:51 p.m.: 25 IR 4109)

Rule 6

540 IAC 1-6-1 540 IAC 1-6-1 Transfer (Expired)

Rule 6. Transfer of Ownership

540 IAC 1-6-1 Transfer (Expired)

Sec. 1.

(Expired under IC 4-22-2.5, effective January 1, 2009.)

540 IAC 1-6-2 540 IAC 1-6-2 Administrative fee (Repealed)

540 IAC 1-6-2 Administrative fee (Repealed)

Sec. 2.

(Repealed by Indiana Education Savings Authority; filed Jul 8, 2002, 1:51 p.m.: 25 IR 4109)

Rule 7

540 IAC 1-7-1 540 IAC 1-7-1 Administration (Expired)

Rule 7. Account Administration

540 IAC 1-7-1 Administration (Expired)

Sec. 1.

(Expired under IC 4-22-2.5, effective January 1, 2009.)

540 IAC 1-7-2 540 IAC 1-7-2 Administrator fee charge (Repealed)

540 IAC 1-7-2 Administrator fee charge (Repealed)

Sec. 2.

(Repealed by Indiana Education Savings Authority; filed Jul 8, 2009, 4:07 p.m.: 20090805-IR- 540080548FRA)

540 IAC 1-7-3 540 IAC 1-7-3 Maximum term (Repealed)

540 IAC 1-7-3 Maximum term (Repealed)

Sec. 3.

(Repealed by Indiana Education Savings Authority; filed Jul 8, 2002, 1:51 p.m.: 25 IR 4109)

Rule 8

540 IAC 1-8-1 540 IAC 1-8-1 Contributions (Expired)

Rule 8. Contributions and Contribution Schedules

540 IAC 1-8-1 Contributions (Expired)

Sec. 1.

(Expired under IC 4-22-2.5, effective January 1, 2009.)

540 IAC 1-8-2 540 IAC 1-8-2 Contribution amount (Repealed)

540 IAC 1-8-2 Contribution amount (Repealed)

Sec. 2.

(Repealed by Indiana Education Savings Authority; filed Jul 8, 2009, 4:07 p.m.: 20090805-IR- 540080548FRA)

540 IAC 1-8-3 540 IAC 1-8-3 Maximum yearly contributions (Repealed)

540 IAC 1-8-3 Maximum yearly contributions (Repealed)

Sec. 3.

(Repealed by Indiana Education Savings Authority; filed Oct 10, 2000, 3:06 p.m.: 24 IR 376)

540 IAC 1-8-3.5 540 IAC 1-8-3.5 Contribution procedure (Expired)

540 IAC 1-8-3.5 Contribution procedure (Expired)

Sec. 3.5.

(Expired under IC 4-22-2.5, effective January 1, 2009.)

540 IAC 1-8-4 540 IAC 1-8-4 Maximum account contributions (Expired)

540 IAC 1-8-4 Maximum account contributions (Expired)

Sec. 4.

(Expired under IC 4-22-2.5, effective January 1, 2009.)

540 IAC 1-8-5 540 IAC 1-8-5 Premature cancellation (Repealed)

540 IAC 1-8-5 Premature cancellation (Repealed)

Sec. 5.

(Repealed by Indiana Education Savings Authority; filed Jul 8, 2002, 1:51 p.m.: 25 IR 4109)

540 IAC 1-8-6 540 IAC 1-8-6 Interruption of attendance (Repealed)

540 IAC 1-8-6 Interruption of attendance (Repealed)

Sec. 6.

(Repealed by Indiana Education Savings Authority; filed Jul 8, 2002, 1:51 p.m.: 25 IR 4109)

540 IAC 1-8-7 540 IAC 1-8-7 Cancellation notice and procedure (Repealed)

540 IAC 1-8-7 Cancellation notice and procedure (Repealed)

Sec. 7.

(Repealed by Indiana Education Savings Authority; filed Jul 8, 2002, 1:51 p.m.: 25 IR 4109)

540 IAC 1-8-8 540 IAC 1-8-8 Contribution adjustments (Repealed)

540 IAC 1-8-8 Contribution adjustments (Repealed)

Sec. 8.

(Repealed by Indiana Education Savings Authority; filed Jul 8, 2009, 4:07 p.m.: 20090805-IR- 540080548FRA)

Rule 9

540 IAC 1-9-1 540 IAC 1-9-1 Cancellation (Expired)

Rule 9. Cancellation and Payment of Refunds

540 IAC 1-9-1 Cancellation (Expired)

Sec. 1.

(Expired under IC 4-22-2.5, effective January 1, 2009.)

540 IAC 1-9-2 540 IAC 1-9-2 Exceeding maximum term (Repealed)

540 IAC 1-9-2 Exceeding maximum term (Repealed)

Sec. 2.

(Repealed by Indiana Education Savings Authority; filed Jul 8, 2002, 1:51 p.m.: 25 IR 4109)

540 IAC 1-9-2.5 540 IAC 1-9-2.5 Premature cancellation (Expired)

540 IAC 1-9-2.5 Premature cancellation (Expired)

Sec. 2.5.

(Expired under IC 4-22-2.5, effective January 1, 2009.)

540 IAC 1-9-2.6 540 IAC 1-9-2.6 Interruption of attendance (Repealed)

540 IAC 1-9-2.6 Interruption of attendance (Repealed)

Sec. 2.6.

(Repealed by Indiana Education Savings Authority; filed May 27, 2003, 11:15 a.m.: 26 IR 3338)

540 IAC 1-9-2.7 540 IAC 1-9-2.7 Cancellation notice and procedure (Expired)

540 IAC 1-9-2.7 Cancellation notice and procedure (Expired)

Sec. 2.7.

(Expired under IC 4-22-2.5, effective January 1, 2009.)

540 IAC 1-9-3 540 IAC 1-9-3 Refund (Expired)

540 IAC 1-9-3 Refund (Expired)

Sec. 3.

(Expired under IC 4-22-2.5, effective January 1, 2009.)

Rule 10

540 IAC 1-10-1 540 IAC 1-10-1 Benefit payment (Repealed)

Rule 10. Payment of Benefits

540 IAC 1-10-1 Benefit payment (Repealed)

Sec. 1.

(Repealed by Indiana Education Savings Authority; filed Jul 8, 2009, 4:07 p.m.: 20090805-IR- 540080548FRA)

540 IAC 1-10-1.5 540 IAC 1-10-1.5 Substantiation requirements (Repealed)

540 IAC 1-10-1.5 Substantiation requirements (Repealed)

Sec. 1.5.

(Repealed by Indiana Education Savings Authority; filed Jul 8, 2002, 1:51 p.m.: 25 IR 4109)

540 IAC 1-10-1.6 540 IAC 1-10-1.6 Exhaustion of account (Repealed)

540 IAC 1-10-1.6 Exhaustion of account (Repealed)

Sec. 1.6.

(Repealed by Indiana Education Savings Authority; filed Jul 8, 2002, 1:51 p.m.: 25 IR 4109)

540 IAC 1-10-2 540 IAC 1-10-2 Distribution of benefits (Repealed)

540 IAC 1-10-2 Distribution of benefits (Repealed)

Sec. 2.

(Repealed by Indiana Education Savings Authority; filed Jul 8, 2009, 4:07 p.m.: 20090805-IR- 540080548FRA)

540 IAC 1-10-3 540 IAC 1-10-3 Beneficiary graduation (Repealed)

540 IAC 1-10-3 Beneficiary graduation (Repealed)

Sec. 3.

(Repealed by Indiana Education Savings Authority; filed Jul 8, 2002, 1:51 p.m.: 25 IR 4109)

540 IAC 1-10-4 540 IAC 1-10-4 Rollover distributions (Expired)

540 IAC 1-10-4 Rollover distributions (Expired)

Sec. 4.

(Expired under IC 4-22-2.5, effective January 1, 2009.)

540 IAC 1-11 Rule 11. Investment Policies (Repealed)

Rule 11. Investment Policies (Repealed)

(Repealed by Indiana Education Savings Authority; filed Jul 8, 2009, 4:07 p.m.: 20090805-IR-540080548FRA)

Rule 12

540 IAC 1-12-1 540 IAC 1-12-1 Separate accounting (Repealed)

Rule 12. Miscellaneous

540 IAC 1-12-1 Separate accounting (Repealed)

Sec. 1.

(Repealed by Indiana Education Savings Authority; filed Jul 8, 2009, 4:07 p.m.: 20090805-IR- 540080548FRA)

540 IAC 1-12-2 540 IAC 1-12-2 Investment direction (Expired)

540 IAC 1-12-2 Investment direction (Expired)

Sec. 2.

(Expired under IC 4-22-2.5, effective January 1, 2009.)

540 IAC 1-12-3 540 IAC 1-12-3 Security for a loan (Repealed)

540 IAC 1-12-3 Security for a loan (Repealed)

Sec. 3.

(Repealed by Indiana Education Savings Authority; filed Jul 8, 2009, 4:07 p.m.: 20090805-IR- 540080548FRA)

540 IAC 1-12-4 540 IAC 1-12-4 Board policies (Repealed)

540 IAC 1-12-4 Board policies (Repealed)

Sec. 4.

(Repealed by Indiana Education Savings Authority; filed Jul 8, 2009, 4:07 p.m.: 20090805-IR- 540080548FRA)