Vermont § 2880e - Withdrawal of Program funds
Full text of Vermont Vermont Statutes Online § 2880e — Withdrawal of Program funds, with citation guidance and answers to common questions.
§ 2880e. Withdrawal of Program funds
- (a) Subject to the provisions of this section, the Investment Plan requirements under
subchapter 7 of this chapter, and the rules, policies, and procedures adopted by the
Corporation, a Program beneficiary shall be entitled to Program funds deposited or
allocated by the Corporation for his or her benefit if: (1) the beneficiary has attained 18 years of age or has enrolled full-time in an approved
postsecondary education institution; (2) the Corporation has sufficient proof that the beneficiary was an eligible child at
the time the deposit or allocation was made; (3) the funds are used for postsecondary education costs and made payable to an approved
postsecondary education institution on behalf of the beneficiary; and (4) the withdrawal is made prior to the beneficiary’s attaining 29 years of age, provided
that for a beneficiary who serves in a national service program, including in the
U.S. Armed Forces, AmeriCorps, or the Peace Corps, each month of service shall increase
the maturity date by one month. (b) If a Program beneficiary does not use all of the funds deposited or allocated by the
Corporation for his or her use prior to the maturity date, the beneficiary shall no
longer be permitted to use these funds and the Corporation shall unallocate the unused
funds from the beneficiary within the Program Fund. (c) This section shall not apply to withdrawal of funds that are contributed to an Investment
Plan account opened for the benefit of the account’s beneficiary under subsections
2880d(a) and (b) of this title and that are not Program funds deposited or allocated
by the Corporation. (Added 2015, No. 45, § 2.)
Frequently Asked Questions About Vermont § 2880e
What does Vermont Statutes Online § 2880e cover?
Section 2880e ("Withdrawal of Program funds") is part of the Vermont Statutes Online, the codified statutory law of Vermont. 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 Vermont § 2880e?
A common citation format is "Vermont Statutes Online § 2880e" (Vermont). 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 Vermont law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.
How does Vermont § 2880e apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont 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 Vermont.