- (1) Additional contributions to an account for a designated beneficiary are prohibited when the total account balance for all accounts for that designated beneficiary under the network exceeds the amount established by the Board as required by and in accordance with the Code.
- (2) For the ABLE Plan, additional contributions to an account for a designated beneficiary are prohibited when the total annual contributions for that designated beneficiary exceeds the amount established by the Board as required by and in accordance with the Code.
Statutory/Other Authority
ORS 348.853(2)
Statutes/Other Implemented
ORS 348.857(4) & 348.853(2)
History
OSB 1-2016, f. & cert. ef. 7-28-16
QTSB 2-2010, f. 9-10-10, cert. ef. 9-14-10
QTSB 1-2010(Temp), f. & cert. ef. 3-25-10 thru 9-15-10
QTSB 3-2002, f. & cert. ef. 10-29-02
QTSB 2-2002(Temp), f. & cert. ef. 8-15-02 thru 12-6-02
QTSB 1-2002(Temp), f. & cert. ef. 6-14-02 thru 12-6-02
QTSB 1-2001, f. & cert. ef. 1-2-01