W. Va. Code § 18-30A-16

Current through 2024 Second Special Session
Section 18-30A-16 - Legislative rules required

Prior to the commencement of the program, the board shall promulgate legislative, procedural, or emergency rules, or any combination thereof, in accordance with the provisions of §29A-3-1 et seq. of this code, that include at a minimum, the following:

(1) Requirements for any contract to be entered between the board and an account holder upon opening a Jumpstart Savings Account to ensure compliance with the requirements of this article and applicable state and federal laws;
(2) Examples of qualified expenses, as described in §18-30A-11 of this code; and
(3) Procedures for opening Jumpstart Savings Accounts, making contributions thereto, requesting distributions therefrom, and instructions for accessing any necessary forms.

W. Va. Code § 18-30A-16

Added by 2021 Acts, ch. 281 (HB 2001), eff. 6/9/2021.