Utah Code 35A-9-606. Reporting to the department — Annual report
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(1) On or before September 1, the plan shall submit to the department the aggregate average balance in eligible 529 savings accounts during the previous calendar year.
Terms Used In Utah Code 35A-9-606
- Department: means the Department of Workforce Services created in Section 35A-1-103. See Utah Code 35A-1-102
- Match: means the monetary amount described in Subsection 35A-9-603(2). See Utah Code 35A-9-601
- Plan: means the Utah Educational Savings Plan created in Section 53B-8a-103. See Utah Code 35A-9-601
- Program: means the Education Savings Incentive Program created in Section 35A-9-603. See Utah Code 35A-9-601
(2) The department shall include in the annual report required by Section 35A-1-109 the following information for the previous calendar year:
(2)(a) the number of qualifying individuals to whom the department provides notice of the program;
(2)(b) the number of applications for the program;
(2)(c) the number of applications for the program from qualifying individuals;
(2)(d) the number of qualifying individuals participating in the program;
(2)(e) the number of eligible 529 savings accounts that receive a match;
(2)(f) the total dollar amount provided as a match; and
(2)(g) the aggregate average balance in eligible 529 savings accounts as reported by the plan.