Section 2500.40 Program Administration

Section 2500

Section 2500.40  Program

Administration

a)         The Treasurer is the trustee and administrator of the College

Savings Pool. The Treasurer's duties include, but are not limited to:

1)         Providing administrative support to the Pool;

2)         Developing and implementing investment policies for the Pool;

and

3)         Appointing program managers and vendors to provide management,

oversight and other tasks necessary to administer the Pool.

b)         Accounts in the Pool may be processed through a program

manager or its approved designees.  The program manager is responsible for the

day-to-day oversight and management of the programs in the Pool.  The program

manager's duties include, but are not limited to, oversight of the

recordkeeping, custody, customer service, investment management, and marketing

for one or more of the programs in the Pool.

c)         The program manager shall maintain records as required by law

and in accordance with the Treasurer's records retention policies. The records

maintained by the program manager shall include records that enable the

production of a report for each account in the Pool. A separate accounting

shall be provided to the account owner, and, if applicable, to the financial

advisor, at least annually and shall show the account balance,

the

investment in the account, the investment earnings, and the distributions from

the account.