# 23 Ill. Adm. Code 2500.10: Section 2500.10 Purpose

> Illinois · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T23_P2500_S2500_10

## Section

- **Citation:** 23 Ill. Adm. Code 2500.10
- **Heading:** Section 2500.10 Purpose
- **Jurisdiction:** Illinois
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Illinois Administrative Code / Title 23 EDUCATION AND CULTURAL RESOURCES / CHAPTER XVI: TREASURER / Part 2500 COLLEGE SAVINGS POOL / Section 2500.10 Purpose

## Text

Section 2500
Section 2500.10  Purpose
The Treasurer may establish and
administer the Pool as a qualified State tuition program under section 529 of
the Code.  The Pool shall be structured to enable account owners to own an
interest in a pool of assets, which may include, but need not be limited to,
equities, bonds, money market instruments, financial institution deposits, or
investment funds consisting primarily of those assets.  The Treasurer, in a
manner that is in compliance with federal and State securities laws, may issue
interests in the Pool.  The Treasurer may receive, hold, and invest moneys paid
into the Pool in trust for the benefit of the account owners and designated
beneficiaries and
perform any other action
the Treasurer
deems
necessary to administer the Pool
.  In order to qualify the Pool as a
qualified state tuition program under section 529 of the Code and to so hold the
assets of the Pool in trust, the Treasurer may create a trust by declaration of
trust.  The trust shall be an instrumentality of the State of Illinois. [15
ILCS 505/16.5(b)]

## Nearby sections

- [23 Ill. Adm. Code 2500.10 Section 2500.10  Purpose](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T23_P2500_S2500_10.md)
- [23 Ill. Adm. Code 2500.20 Section 2500.20  Definition of Terms](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T23_P2500_S2500_20.md)
- [23 Ill. Adm. Code 2500.30 Section 2500.30  Application Process](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T23_P2500_S2500_30.md)
- [23 Ill. Adm. Code 2500.40 Section 2500.40  Program Administration](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T23_P2500_S2500_40.md)
- [23 Ill. Adm. Code 2500.50 Section 2500.50  Investment Policy](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T23_P2500_S2500_50.md)
- [23 Ill. Adm. Code 2500.60 Section 2500.60  Contributions](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T23_P2500_S2500_60.md)
- [23 Ill. Adm. Code 2500.70 Section 2500.70  Distributions](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T23_P2500_S2500_70.md)
- [23 Ill. Adm. Code 2500.80 Section 2500.80  Administrative Fees, Costs, and Expenses](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T23_P2500_S2500_80.md)
- [23 Ill. Adm. Code 2500.90 Section 2500.90  Account Limits](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T23_P2500_S2500_90.md)
- [23 Ill. Adm. Code 2500.100 Section 2500.100  Debt](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T23_P2500_S2500_100.md)
- [23 Ill. Adm. Code 2500.110 Section 2500.110  Program Documents](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T23_P2500_S2500_110.md)
- [23 Ill. Adm. Code 2500.120 Section 2500.120  Private Contractors (Repealed)](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T23_P2500_S2500_120.md)
- [23 Ill. Adm. Code 2500.130 Section 2500.130  Amendment of Rules (Repealed)](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T23_P2500_S2500_130.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T23_P2500_S2500_10. Check the current official text before relying on it. Not legal advice.