Section 2500.60 Contributions

Section 2500

Section 2500.60  Contributions

a)         Contributions

may be made only in cash.  Cash contributions may be made by check, money

order, electronic transfer, payroll contribution, wire transfer, or similar

methods allowed by the Code.

b)         The Pool

shall have no requirement on minimum contributions, and donors may make

contributions at any time.

The Pool shall not permit any additional

contributions to an account as soon as the sum of:

1)

the

aggregate balance in all accounts in the Pool for the designated beneficiary;

and

2)

the

aggregate contributions in the Illinois Prepaid Tuition Program for the designated

beneficiary reaches the specified balance limit established from time to time

by the Treasurer

in accordance with Section 2500.90.

c)         Contributions

may be made by the account owner or any other person.  No person other than the

account owner may direct the investment and distribution of contributions to an

account (or earnings thereon).

d)

An account owner may, directly or indirectly, direct the

investment of

their

account only as provided in section 529(b)(4) of the

Code. Donors and designated beneficiaries, in those capacities, may not,

directly or indirectly, direct the investment of an account.