Description: Report on the findings and recommendations regarding the considerations set forth in the November 2022 Joint Legislative Audit and Review Commission report with regard to: (i) the method, timing, and amount of any withdrawals from the VA529 Defined Benefit Trust Fund (Fund), including the appropriate funded status at which withdrawals should be considered, with consideration to maintaining sufficient assets to ensure Fund solvency for future obligations; (ii) development of guidelines for the appropriate allocation and subsequent use of monies withdrawn from the Fund, including consideration of returning funds to Legacy Prepaid529 account holders and programs that support higher education access and affordability; and (iii) ongoing oversight of Fund balances to determine availability of any future actuarial surpluses.
Select the fields you would like to appear on your spreadsheet.
Doc #
Document Title
Publish Year
Author
Due Date
Month
Year
Enabling Authority
Description
We are preparing your report, please wait... There was an error. Please try again later! Please make a selection and try again!Your spreadsheet is done.