West Virginia HB5543 authorizes the State Treasurer to coordinate the SMART529 Program with federal Trump Accounts.
West Virginia HB5543 authorizes the State Treasurer to coordinate educational savings strategies between the West Virginia SMART529 Program and federally established Trump Accounts. The bill allows the State Treasurer to provide educational materials to account holders, explaining permissible uses, transfers, or rollovers as allowed by federal law. The bill specifies that no transfer of funds between programs is authorized except as permitted by federal law.
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