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; and
(2) 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; 1Sp2011 c 5 art 2 s 5
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