- 1. Any person may make contributions to an Account, subject to the limitations imposed by federal law.
- 2. Except in the case of program-to-program transfers, contributions may be made in cash or a similar cash equivalent.
- 3. Annual contributions to an Account from all sources, except contributions received in program-to-program transfers, are limited to the per-beneficiary amount excluded from the federal gift tax under federal law.
- 4. Excess contributions and excess aggregate contribution shall be returned to contributors.
Historical Note
New Section made by final rulemaking at 25 A.A.R. 885, effective May 20, 2019 (Supp. 19-1).