Indiana § 21-9-7-9 - Authorization to adopt rules to establish a penalty
Full text of Indiana Indiana Code § 21-9-7-9 — Authorization to adopt rules to establish a penalty, with citation guidance and answers to common questions.
§ 21-9-7-9. Authorization to adopt rules to establish a penalty
Sec. 9. The authority may adopt rules under IC 4-22-2 to establish a penalty for a distribution that is not used exclusively for the qualified higher education expenses of an account beneficiary. However, the authority may not establish a penalty for distributions described in section 1(1) of this chapter.
As added by P.L.25-1999, SEC.14. Amended by P.L.135-2002, SEC.26; P.L.93-2024, SEC.154.
IC 21-9-8Chapter 8. Indiana Family College Savings Trust Program
21-9-8-1College choice plan; administration of trust funds 21-9-8-2Deposits of money; division of trust fund into separate accounts
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 21-9-7-9
What does Indiana Code § 21-9-7-9 cover?
Section 21-9-7-9 ("Authorization to adopt rules to establish a penalty") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 21-9-7-9?
A common citation format is "Indiana Code § 21-9-7-9" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 21-9-7-9 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.