A. The board shall approve financial institutions to act as the depositories and managers of AZ529, Arizona’s education savings plan accounts pursuant to section 15-1874.

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Terms Used In Arizona Laws 15-1872

  • Board: means the state board of investment. See Arizona Laws 15-1871
  • Plan: means AZ529, Arizona's education savings plan that is established under this article and that constitutes a qualified tuition program as defined in section 529 of the internal revenue code. See Arizona Laws 15-1871

B. The board may adopt rules to assist in implementing and administering this article.

C. Members of the board are immune from personal liability with respect to all actions that are taken in good faith and within the scope of the board’s authority.

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