The council shall adopt policies, guidelines, procedures, or rules pursuant to chapter 1-26 to prevent contributions on behalf of a designated beneficiary in excess of the maximum amounts permitted under section 529 of the Internal Revenue Code and related regulations.
S.D. Codified Laws § 13-63-21
Council to adopt rules to prevent excess contributions
Source: SL 2001, ch 97, § 21; SL 2002, ch 94, § 3.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.