The plan will be maintained and operated in accordance with the requirements set forth in section 529 of the Code. Distributions to or on behalf of the designated beneficiary or the participant will be reported to the Internal Revenue Service and to the distributee, as required under section 529 of the Code, and will be subject to any applicable federal or state income tax withholding. Direct transfers to another qualified tuition program will be reported to the receiving program as required under Section 529 of the Code.
N.D. Admin Code 12.5-02-01-11
General Authority: NDCC 6-09-38
Law Implemented: NDCC 6-09-38