Section 136G.01 Plan Established - Minnesota Statutes

136G.01 PLAN ESTABLISHED.

A college savings plan known as the Minnesota college savings plan is established. In establishing this plan, the legislature seeks to encourage individuals to save for postsecondary education by:

(1) providing a qualified tuition plan under federal tax law;

(2) providing matching grants for contributions to the program by low- and middle-income families; and

(3) encouraging individuals, foundations, and businesses to provide additional grants to participating students.

History:

1997 c 183 art 2 s 12; 1Sp2001 c 1 art 3 s 2,23; 2003 c 133 art 3 s 4