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RSA 195-H:9 · Liability Exemption
195-H:9 Liability Exemption. – Neither the state nor any eligible educational institution shall be liable for any shortage of funds in the event that the accruals from the savings plan are insufficient to meet the tuition requirements of such institution chosen by the student for which the plan was intended. Source. 1997, 304:2. 2007, 196:6, eff. Aug. 17, 2007.
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Source. 1997, 304:2. 2007, 196:6, eff. Aug. 17, 2007.
Source history
- 1997, 304:2
- 2007, 196:6, eff. Aug. 17, 2007
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separate from all other funds. [During the biennium ending June 30, 2027,] Annual assessments less any annual administrative costs received from the New Hampshire college tuition savings plan established under RSA 195-H[, and less $6,000,000 per year of gross proceeds from assessments collected, which shall be allocated to the general fund,] shall be credited to the trust fund to provide scholarships for the benefit of reside