# 23 Ill. Adm. Code 2500.60: Section 2500.60 Contributions

> Illinois · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T23_P2500_S2500_60

## Section

- **Citation:** 23 Ill. Adm. Code 2500.60
- **Heading:** Section 2500.60 Contributions
- **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 2500.60 Contributions

## Text

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.

## 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_60. Check the current official text before relying on it. Not legal advice.