reglab/housing_qa huggingface dataset:
MO Rev Stat § 166.275 (2021)
2021 Missouri Revised Statutes|Title XI - Education and Libraries|Chapter 166 - Permanent Funds and Trusts|Section 166.275 - Appropriations to satisfy certain judgments transferred to school moneys fund — amount, distribution.

Effective - 01 Jul 2006   166.275. Appropriations to satisfy certain judgments transferred to school moneys fund — amount, distribution. — 1. Any amount of the difference by which the total amount appropriated by the state to school districts, in accordance with a judgment or order based on the equal protection clause of the fourteenth amendment to the Constitution of the United States, for fiscal year 1999 is less than the amount appropriated for the same purpose in fiscal year 1994 in addition to any unexpended appropriation for the 1998 fiscal year that results in additional unobligated resources for the state in fiscal year 1999 shall be transferred to the state school moneys fund and distributed in the manner provided in section 163.031.  2. If the total amount appropriated by the state to school districts, in accordance with a judgment or order based on the equal protection clause of the fourteenth amendment to the Constitution of the United States, for fiscal year 2000 or any subsequent fiscal year is less than the amount appropriated for the same purpose in fiscal year 1999, any amount of the difference in addition to any unexpended appropriation for the prior fiscal year that results in additional unobligated resources for the state beginning in fiscal year 2000 shall be distributed as follows:  (1) Up to the first seventy-five million dollars of such funds, or such lesser amount determined by appropriation to be sufficient to fully fund subsections 1 and 2 of section 163.031, shall be transferred to the state school moneys fund and distributed in the manner provided in section 163.031; and  (2) Beginning in fiscal year 2000, after distributing funds pursuant to subdivision (1) of this subsection, the next twenty-five million dollars, or such lesser amount determined by appropriation to be sufficient, of the remaining funds shall be transferred to fully fund increases in appropriations for transportation categorical aid provided pursuant to section 163.031, and any remainder of such twenty-five million dollars shall be transferred to fund other categorical state aid provided pursuant to section 163.031; provided that, for school year 1999-2000 only, such increase in transportation funding may be placed by districts in their capital projects fund and shall be placed as otherwise provided by law in all other years; and  (3) After distributing funds pursuant to subdivisions (1) and (2) of this subsection, any remaining funds, or such amount determined by appropriation to be sufficient to fully fund subsections 1 and 2 of section 163.031, shall be transferred to the state school moneys fund and distributed in the manner provided in section 163.031. ­­-------- (L. 1993 S.B. 380 § 8 subsec. 2, A.L. 1995 S.B. 301, A.L. 1998 S.B. 781, A.L. 2005 S.B. 287)  Effective 7-01-06
MO Rev Stat § 166.400 (2021)
2021 Missouri Revised Statutes|Title XI - Education and Libraries|Chapter 166 - Permanent Funds and Trusts|Section 166.400 - Citation of law.

Effective - 28 Aug 2021, 3 histories   166.400. Citation of law. — Sections 166.400 to 166.455 shall be known and may be cited as the "Missouri Education Program". ­­-------- (L. 1998 H.B. 1694, A.L. 1999 S.B. 460, A.L. 2018 S.B. 882, A.L. 2021 H.B. 297)
MO Rev Stat § 166.410 (2021)
2021 Missouri Revised Statutes|Title XI - Education and Libraries|Chapter 166 - Permanent Funds and Trusts|Section 166.410 - Definitions.

Effective - 28 Aug 2021, 3 histories   166.410. Definitions. — As used in sections 166.400 to 166.455, except where the context clearly requires another interpretation, the following terms mean:  (1) "Beneficiary", any individual designated by a participation agreement to benefit from payments for qualified education expenses at an eligible educational institution;  (2) "Benefits", the payment of qualified education expenses on behalf of a beneficiary from a savings account during the beneficiary's attendance at an eligible educational institution;  (3) "Board", the Missouri education program board established in section 166.415;  (4) "Eligible educational institution", an eligible educational institution as defined in Section 529 of the Internal Revenue Code, as amended;  (5) "Financial institution", a bank, insurance company or registered investment company;  (6) "Internal Revenue Code", the Internal Revenue Code of 1986, as amended;  (7) "Missouri education program" or "program", the program created pursuant to sections 166.400 to 166.455;  (8) "Participant", a person who has entered into a participation agreement pursuant to sections 166.400 to 166.455 for the advance payment of qualified education expenses on behalf of a beneficiary;  (9) "Participation agreement", an agreement between a participant and the board pursuant to and conforming with the requirements of sections 166.400 to 166.455; and  (10) "Qualified higher education expenses" or "qualified education expenses", the qualified costs of tuition and fees and other expenses for attendance at an eligible educational institution, as defined in Section 529 of the Internal Revenue Code, as amended. ­­-------- (L. 1998 H.B. 1694, A.L. 1999 S.B. 460, A.L. 2018 S.B. 882, A.L. 2021 H.B. 297)
MO Rev Stat § 166.420 (2021)
2021 Missouri Revised Statutes|Title XI - Education and Libraries|Chapter 166 - Permanent Funds and Trusts|Section 166.420 - Participation agreements, terms and conditions — contribution limitation — penalty.

Effective - 28 Aug 2021, 3 histories   166.420. Participation agreements, terms and conditions — contribution limitation — penalty. — 1. The board may enter into program participation agreements with participants on behalf of beneficiaries pursuant to the provisions of sections 166.400 to 166.455, including the following terms and conditions:  (1) A participation agreement shall stipulate the terms and conditions of the program in which the participant makes contributions;  (2) A participation agreement shall specify the method for calculating the return on the contribution made by the participant;  (3) The execution of a participation agreement by the board shall not guarantee that the beneficiary named in any participation agreement will be admitted to an eligible educational institution, be allowed to continue to attend an eligible educational institution after having been admitted or will graduate from an eligible educational institution;  (4) A participation agreement shall clearly and prominently disclose to participants the risk associated with depositing moneys with the board;  (5) Participation agreements shall be organized and presented in a way and with language that is easily understandable by the general public; and  (6) A participation agreement shall clearly and prominently disclose to participants the existence of any load charge or similar charge assessed against the accounts of the participants for administration or services.  2. The board shall establish the maximum amount that may be contributed annually with respect to a beneficiary.  3. The board shall establish a total contribution limit for savings accounts established under the program with respect to a beneficiary to permit the program to qualify as a "qualified state tuition program" pursuant to Section 529 of the Internal Revenue Code. No contribution may be made to a savings account for a beneficiary if it would cause the balance of all savings accounts of the beneficiary to exceed the total contribution limit established by the board. The board may establish other requirements that it deems appropriate to provide adequate safeguards to prevent contributions on behalf of a beneficiary from exceeding what is necessary to provide for the qualified education expenses of the beneficiary.  4. The board shall establish the minimum length of time that contributions and earnings must be held by the program to qualify pursuant to section 166.435. Any contributions or earnings that are withdrawn or distributed from a savings account prior to the expiration of the minimum length of time, as established by the board, shall be subject to a penalty pursuant to section 166.430. ­­-------- (L. 1998 H.B. 1694, A.L. 1999 S.B. 460, A.L. 2006 S.B. 641, A.L. 2010 S.B. 772, A.L. 2018 S.B. 882, A.L. 2021 H.B. 297)
MO Rev Stat § 166.421 (2021)
2021 Missouri Revised Statutes|Title XI - Education and Libraries|Chapter 166 - Permanent Funds and Trusts|Section 166.421 - Income tax refund, contribution to education savings account — election, how made.

Effective - 28 Aug 2015   166.421. Income tax refund, contribution to education savings account — election, how made. — 1. A participant may elect to contribute all or part of a refund of personal income tax to an account that has been established under sections 166.400 to 166.456 by direct deposit to the financial institution managing the account. The amount elected to be contributed by the participant shall be at least twenty-five dollars and shall be as a contribution only for the tax year in which the refund is issued. The election to contribute may not be changed or revoked.  2. The election shall be made on a form prescribed by the department of revenue and filed with the taxpayer's tax return for the tax year or at such other time and in such other manner as the department may prescribe. The department of revenue shall prescribe the maximum number of accounts to which a taxpayer may elect to contribute a portion of the refund. Notwithstanding the limit prescribed by the department, a parent or legal guardian shall be permitted to contribute a portion of his or her refund to accounts held by each of his or her children.  3. The election to contribute all or a portion of a refund shall be void, and no portion of the refund may be contributed to an account if the taxpayer's refund is offset to pay amounts owed by the taxpayer. ­­-------- (L. 2015 S.B. 366)
MO Rev Stat § 166.425 (2021)
2021 Missouri Revised Statutes|Title XI - Education and Libraries|Chapter 166 - Permanent Funds and Trusts|Section 166.425 - Board to invest funds, use of funds — not deemed income, when.

Effective - 28 Aug 2021, 3 histories   166.425. Board to invest funds, use of funds — not deemed income, when. — All money paid by a participant in connection with participation agreements shall be deposited as received and shall be promptly invested by the board. Contributions and earnings thereon accumulated on behalf of participants in the program may be used, as provided in the participation agreement, for qualified education expenses. Such contributions and earnings shall not be considered income for purposes of determining a participant's eligibility for financial assistance under any state student aid program. ­­-------- (L. 1998 H.B. 1694, A.L. 1999 S.B. 460, A.L. 2008 S.B. 863, A.L. 2018 S.B. 882, A.L. 2021 H.B. 297)
MO Rev Stat § 166.430 (2021)
2021 Missouri Revised Statutes|Title XI - Education and Libraries|Chapter 166 - Permanent Funds and Trusts|Section 166.430 - Cancellation of agreement, results — penalty.

Effective - 28 Aug 2018, 2 histories   166.430. Cancellation of agreement, results — penalty. — Any participant may cancel a participation agreement at will. The board shall impose a penalty equal to or greater than ten percent of the earnings of an account for any distribution that is not:  (1) Used exclusively for qualified education expenses of the designated beneficiary;  (2) Made because of death or disability of the designated beneficiary;  (3) Made because of the receipt of scholarship by the designated beneficiary;  (4) A rollover distribution, as defined in Section 529(c)(3)(C)(i) of the Internal Revenue Code; or  (5) Held in the fund for the minimum length of time established by the board. ­­-------- (L. 1998 H.B. 1694, A.L. 1999 S.B. 460, A.L. 2018 S.B. 882)
MO Rev Stat § 166.435 (2021)
2021 Missouri Revised Statutes|Title XI - Education and Libraries|Chapter 166 - Permanent Funds and Trusts|Section 166.435 - State tax exemption.

Effective - 28 Aug 2021, 5 histories   166.435. State tax exemption. — 1. Notwithstanding any law to the contrary, the assets of the program held by the board, the assets of any deposit program authorized in section 166.500, and the assets of any qualified tuition program established pursuant to Section 529 of the Internal Revenue Code and any income therefrom shall be exempt from all taxation by the state or any of its political subdivisions. Income earned or received from the program, deposit, or other qualified tuition programs established under Section 529 of the Internal Revenue Code, or refunds of qualified education expenses received by a beneficiary from an eligible educational institution in connection with withdrawal from enrollment at such institution which are contributed within sixty days of withdrawal to a qualified tuition program of which such individual is a beneficiary shall not be subject to state income tax imposed pursuant to chapter 143 and shall be eligible for any benefits provided in accordance with Section 529 of the Internal Revenue Code. The exemption from taxation pursuant to this section shall apply only to assets and income maintained, accrued, or expended pursuant to the requirements of the program established pursuant to sections 166.400 to 166.455, the deposit program established pursuant to sections 166.500 to 166.529, and other qualified tuition programs established under Section 529 of the Internal Revenue Code, and no exemption shall apply to assets and income expended for any other purposes. Annual contributions made to the program held by the board, the deposit program, and any qualified tuition program established under Section 529 of the Internal Revenue Code up to and including eight thousand dollars per taxpayer, and up to sixteen thousand dollars for married individuals filing a joint tax return, shall be subtracted in determining Missouri adjusted gross income pursuant to section 143.121.  2. If any deductible contributions to or earnings from any such program referred to in this section are distributed and not used to pay qualified education expenses, not transferred as allowed by 26 U.S.C. Section 529(c)(3)(C)(i), as amended, and any Internal Revenue Service regulations or guidance issued in relation thereto, or are not held for the minimum length of time established by the appropriate Missouri board, then the amount so distributed shall be included in the Missouri adjusted gross income of the participant, or, if the participant is not living, the beneficiary.  3. The provisions of this section shall apply to tax years beginning on or after January 1, 2008, and the provisions of this section with regard to sections 166.500 to 166.529 shall apply to tax years beginning on or after January 1, 2004. ­­-------- (L. 1998 H.B. 1694, A.L. 1999 S.B. 460, A.L. 2004 H.B. 959, A.L. 2008 S.B. 863, A.L. 2015 S.B. 366 §§ 166.435 and B, A.L. 2018 H.B. 1744 merged with S.B. 882, A.L. 2021 H.B. 297)
MO Rev Stat § 166.440 (2021)
2021 Missouri Revised Statutes|Title XI - Education and Libraries|Chapter 166 - Permanent Funds and Trusts|Section 166.440 - Assets not state property.

Effective - 28 Aug 2021, 2 histories   166.440. Assets not state property. — The assets of the program shall at all times be preserved, invested and expended only for the purposes set forth in this section and in accordance with the participation agreements, and no property rights therein shall exist in favor of the state. ­­-------- (L. 1998 H.B. 1694, A.L. 2021 H.B. 297)
MO Rev Stat § 166.445 (2021)
2021 Missouri Revised Statutes|Title XI - Education and Libraries|Chapter 166 - Permanent Funds and Trusts|Section 166.445 - Rules, invalid, when.

Effective - 28 Aug 1998   166.445. Rules, invalid, when. — Any rule or portion of a rule, as that term is defined in section 536.010, that is promulgated under the authority delegated in sections 166.400 to 166.455 shall become effective only if it has been promulgated pursuant to the provisions of chapter 536. All rulemaking authority delegated prior to August 28, 1998, is of no force and effect and repealed; however, nothing in this section shall be interpreted to repeal or affect the validity of any rule filed or adopted prior to August 28, 1998, if it fully complied with the provisions of chapter 536. Sections 166.400 to 166.455 and chapter 536 are nonseverable and if any of the powers vested with the general assembly pursuant to chapter 536 to review, to delay the effective date or to disapprove and annul a rule are subsequently held unconstitutional, then the grant of rulemaking authority and any rule proposed or adopted after August 28, 1998, shall be invalid and void. ­­-------- (L. 1998 H.B. 1694)
MO Rev Stat § 166.450 (2021)
2021 Missouri Revised Statutes|Title XI - Education and Libraries|Chapter 166 - Permanent Funds and Trusts|Section 166.450 - Review of program.

Effective - 28 Aug 1998   166.450. Review of program. — The director of investment of the state treasurer's office shall, on a semiannual basis, review the financial status and investment policy of the program as well as the participation rate in the program. The director of investment shall also review the continued viability of the program and the administration of the program by the board. The director of investment shall report the findings annually to the board, which shall subsequently disclose such findings at a public meeting. ­­-------- (L. 1998 H.B. 1694)
MO Rev Stat § 166.455 (2021)
2021 Missouri Revised Statutes|Title XI - Education and Libraries|Chapter 166 - Permanent Funds and Trusts|Section 166.455 - Funds not state revenues.

Effective - 28 Aug 1999   166.455. Funds not state revenues. — Money accruing to and deposited in individual savings accounts shall not be part of "total state revenues" as defined in Sections 17 and 18 of Article X of the Constitution of the State of Missouri and the expenditure of such revenues shall not be an expense of state government under Section 20 of Article X of the Constitution of the State of Missouri. ­­-------- (L. 1998 H.B. 1694, A.L. 1999 S.B. 460)
MO Rev Stat § 166.456 (2021)
2021 Missouri Revised Statutes|Title XI - Education and Libraries|Chapter 166 - Permanent Funds and Trusts|Section 166.456 - Confidentiality of information.

Effective - 28 Aug 2021, 3 histories   166.456. Confidentiality of information. — All personally identifiable information concerning participants and beneficiaries of accounts established within the Missouri education program pursuant to sections 166.400 to 166.456 shall be confidential, and any disclosure of such information shall be restricted to purposes directly connected with the administration of the program. ­­-------- (L. 2002 H.B. 1086 merged with S.B. 776, A.L. 2018 S.B. 882, A.L. 2021 H.B. 297)
MO Rev Stat § 166.500 (2021)
2021 Missouri Revised Statutes|Title XI - Education and Libraries|Chapter 166 - Permanent Funds and Trusts|Section 166.500 - Citation of law.

Effective - 28 Aug 2004   166.500. Citation of law. — Sections 166.500 to 166.529 shall be known and may be cited as the "Missouri Higher Education Deposit Program". ­­-------- (L. 2004 H.B. 959)
MO Rev Stat § 166.501 (2021)
2021 Missouri Revised Statutes|Title XI - Education and Libraries|Chapter 166 - Permanent Funds and Trusts|Section 166.501 - Program established as alternative to Missouri education program.

Effective - 28 Aug 2018, 2 histories   166.501. Program established as alternative to Missouri education program. — Notwithstanding the provisions of sections 166.400 to 166.456 to the contrary, the higher education deposit program is established as a nonexclusive alternative to the Missouri education * program, and any participant may elect to participate in both programs subject to aggregate Missouri program limitations. ­­-------- (L. 2004 H.B. 959 § 166.505, A.L. 2018 S.B. 882)  *Statutory reference to "savings" program removed in accordance with section 3.060 based on the name change of the program in section 166.400 by H.B. 297, 2021.
MO Rev Stat § 166.502 (2021)
2021 Missouri Revised Statutes|Title XI - Education and Libraries|Chapter 166 - Permanent Funds and Trusts|Section 166.502 - Definitions.

Effective - 28 Aug 2021, 3 histories   166.502. Definitions. — As used in sections 166.500 to 166.529, except where the context clearly requires another interpretation, the following terms mean:  (1) "Beneficiary", any individual designated by a participation agreement to benefit from payments for qualified higher education expenses at an eligible educational institution;  (2) "Benefits", the payment of qualified higher education expenses on behalf of a beneficiary from a deposit account during the beneficiary's attendance at an eligible educational institution;  (3) "Board", the Missouri education program board established in section 166.415;  (4) "Eligible educational institution", an institution of postsecondary education as defined in Section 529(e)(5) of the Internal Revenue Code;  (5) "Financial institution", a depository institution and any intermediary that brokers certificates of deposits;  (6) "Internal Revenue Code", the Internal Revenue Code of 1986, as amended;  (7) "Missouri higher education deposit program" or "deposit program", the program created pursuant to sections 166.500 to 166.529;  (8) "Participant", a person who has entered into a participation agreement pursuant to sections 166.500 to 166.529 for the advance payment of qualified higher education expenses on behalf of a beneficiary;  (9) "Participation agreement", an agreement between a participant and the board pursuant to and conforming with the requirements of sections 166.500 to 166.529;  (10) "Qualified higher education expenses", the qualified costs of tuition and fees and other expenses for attendance at an eligible educational institution, as defined in Section 529(e)(3) of the Internal Revenue Code of 1986, as amended. ­­-------- (L. 2004 H.B. 959 § 166.510, A.L. 2018 S.B. 882, A.L. 2021 H.B. 297)
MO Rev Stat § 166.511 (2021)
2021 Missouri Revised Statutes|Title XI - Education and Libraries|Chapter 166 - Permanent Funds and Trusts|Section 166.511 - Prompt investment of moneys paid by participation agreements, use of moneys.

Effective - 28 Aug 2004   166.511. Prompt investment of moneys paid by participation agreements, use of moneys. — All money paid by a participant in connection with participation agreements shall be deposited as received and shall be promptly invested by the board or may be directly deposited by the board's agents. Contributions and earnings thereon accumulated on behalf of participants in the deposit program may be used, as provided in the participation agreement, for qualified higher education expenses. ­­-------- (L. 2004 H.B. 959 § 166.525)
MO Rev Stat § 166.514 (2021)
2021 Missouri Revised Statutes|Title XI - Education and Libraries|Chapter 166 - Permanent Funds and Trusts|Section 166.514 - Cancellation of agreements, penalty.

Effective - 28 Aug 2004   166.514. Cancellation of agreements, penalty. — Any participant may cancel a participation agreement at will. The board shall impose a penalty equal to or greater than ten percent of the earnings of an account for any distribution that is not:  (1) Used exclusively for qualified higher education expenses of the designated beneficiary;  (2) Made because of death or disability of the designated beneficiary;  (3) Made because of the receipt of scholarship by the designated beneficiary;  (4) A rollover distribution, as defined in Section 529(c)(3)(C)(i) of the Internal Revenue Code; or  (5) Held in the fund for the minimum length of time established by the board. ­­-------- (L. 2004 H.B. 959 § 166.530)