# 23 Ill. Adm. Code 2500.30: Section 2500.30 Application Process

> Illinois · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T23_P2500_S2500_30

## Section

- **Citation:** 23 Ill. Adm. Code 2500.30
- **Heading:** Section 2500.30 Application Process
- **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 2500.30 Application Process

## Text

Section 2500
Section 2500.30  Application Process
a)
The
Treasurer may permit persons, including trustees of trusts and custodians under
a Uniform Transfers to Minors Act or Uniform Gifts to Minors Act account, and
certain legal entities to be account owners, including as part of a scholarship
program, provided that:
1)
An
individual, trustee or custodian must have a valid social security number or
taxpayer identification number, be at least 18 years of age, and have a valid
United States street address; and
2)
A
legal entity must have a valid taxpayer identification number and a valid
United States street address.
[15 ILCS 505/16.5(d)]
b)         Applications
may be processed through a program manager. Completed applications must be
submitted as specified in the application form and the program disclosure statement.
c)         The Treasurer shall create applications for participation in
the Pool to be completed by the applicant.  The applicant shall be responsible
for providing all of the information requested by the Treasurer.  The
application shall include, but is not limited to, the following information:
1)         The
applicant's name, physical address, date of birth, Social Security number or Taxpayer
Identification Number, and signature;
2)         The
designated beneficiary's name, physical address, date of birth, and Social
Security number or Individual Taxpayer Identification Number;
3)         Investment
selection;
4)         Funding
method; and
5)         Additional
information that may be beneficial to the administration of the program, or
that is required by federal regulations and/or guidance.
d)         The Treasurer shall keep all information received from
applicants and account owners confidential and may only share the information as
required by law or as necessary to operate the College Savings Pool
Funding
method; and
5)         Additional
information that may be beneficial to the administration of the program, or
that is required by federal regulations and/or guidance.
d)         The Treasurer shall keep all information received from
applicants and account owners confidential and may only share the information as
required by law or as necessary to operate the College Savings Pool.
e)         When an application is submitted through a financial advisor,
the financial advisor shall provide information regarding the financial advisor
on the application to enable the Treasurer to open an account for the
applicant.
f)         Applications may include an initial contribution to the Pool
in a manner set forth in Section 2500.60.  No minimum contribution shall be
required to open an account. Applications that are incomplete and applications
that fail to meet the guidelines established by the Treasurer or set by the
Code may be rejected.

## 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_30. Check the current official text before relying on it. Not legal advice.