New Jersey § 52:18a-254
Full text of New Jersey New Jersey Statutes § 52:18a-254, with citation guidance and answers to common questions.
§ 52:18a-254.
Annually, the Department of the Treasury shall determine a dollar amount of an ABLE
account, which shall not be less than $25,000, which shall not be considered in evaluating
the financial needs of a designated beneficiary or be deemed a financial resource
or a form of financial aid or assistance to a designated beneficiary, for purposes
of determining the eligibility of the beneficiary for any scholarship, grant, or monetary
assistance awarded by the State for the purposes of financing the education expenses
of the beneficiary, including higher education expenses; nor shall the amount of
any account as determined by the Department of the Treasury provided for a designated
beneficiary under P.L.2015, c. 185 ( C.52:18A-250 et al.) reduce the amount of any scholarship grant or monetary assistance which the
beneficiary is entitled to be awarded by the State for the purposes of financing education
expenses.
Frequently Asked Questions About New Jersey § 52:18a-254
What does New Jersey Statutes § 52:18a-254 cover?
Section 52:18a-254 is part of the New Jersey Statutes, the codified statutory law of New Jersey. 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 New Jersey § 52:18a-254?
A common citation format is "New Jersey Statutes § 52:18a-254" (New Jersey). 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 New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 52:18a-254 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey 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 New Jersey.