Common use of Maximum Permissible Contributions Clause in Contracts

Maximum Permissible Contributions. The Board will, from time to time, establish the maximum aggregate Account balance value (the “Maximum Contribution Limit”), which will limit the amount of contributions that may be made to Accounts for any one Beneficiary, as required by Section 529, the Act and the Program Regulations. Contributions that would result in an aggregate balance in all the Accounts for the same Beneficiary in excess of the Maximum Contribution Limit will not be accepted and will be returned to the contributor (the “Contributor”). The balance in all Accounts for the same Beneficiary established under all Section 529 college savings programs sponsored by the State of Nevada under the Act will be aggregated with the balances in all Accounts established in the Plan in applying the Maximum Contribution Limit. The current Maximum Contribution Limit is set forth in the Plan Description and is subject to change at any time by the Board.

Maximum Permissible Contributions. The Board will, from time to time, establish the maximum aggregate Account account balance value (the “Maximum Contribution Limit”), which will limit the amount of contributions that may be made to Accounts for any one Designated Beneficiary, as required by Section 529, the Act and the Program Regulations. Contributions that would result in an aggregate balance in all the Accounts for the same Designated Beneficiary in excess of the Maximum Contribution Limit will not be accepted and will be returned to the contributor (the “Contributor”). The balance in all Accounts accounts for the same Designated Beneficiary established under all Section 529 college savings programs sponsored by the State of Nevada under the Act will be aggregated with the balances in all Accounts established in the Plan in applying the Maximum Contribution Limit. The current Maximum Contribution Limit is set forth in the Plan Description and is subject to change at any time by the Board.