Chapter 7 Commonwealth Savers Plan and Able Savings Trust Accounts

This chapter is comprised of the following sections:
  • §23.1-700 Definitions
  • §23.1-701 Plan established; moneys; governing board
  • §23.1-702 Advisory committees to the board; membership; terms; qualifications; duties
  • §23.1-703 Chief executive officer of the Plan
  • §23.1-704 Powers and duties of the board
  • §23.1-705 Board actions not a debt of Commonwealth
  • §23.1-706 Standard of care; investment and administration of the Plan
  • §23.1-707 Prepaid tuition contracts and college and ABLE savings trust agreements
  • §23.1-707.1 Prepaid tuition contracts; pricing reserves; limitations
  • §23.1-708 Assets of the Plan exempt from taxation
  • §23.1-709 Annual report
  • §23.1-710 Forms and audit of accounts and records
  • §23.1-711 Admission to institutions not guaranteed; coverage limitations
  • §23.1-712 Payroll deductions
  • §23.1-713 Liberal construction of chapter