Nev. Admin. Code § 353B.350

Current through October 11, 2024

Section 353B.350 - Options for method of payment by purchaser

A contract may provide for payment by the purchaser:

1. By:

(a) Remittance in a lump sum; or

(b) Remittances on a monthly basis:

(1) For 60 months;

(2) For 120 months; or

(3) From the time of enrollment in the Program until the qualified beneficiary graduates from high school; and

2. Pursuant to:

(a) An invoice;

(b) Monthly coupons;

(c) Payroll deductions;

(d) Automatic deductions from a specified account at a financial institution;

(e) Gifts, under conditions approved by the Board; or

(f) Any other method approved by the Board.

Nev. Admin. Code § 353B.350

Added to NAC by Bd. of Trustees for Higher Educ. Tuition Trust Fund by R009-99, eff. 11-3-99; A by Bd. of Trustees of College Savings Plans of Nev. by R055-09, 10-27-2009; A by R118-16A, eff. 12/21/2016

NRS 353B.090, 353B.100