Program administration and management

The Trust shall be administered and managed in compliance with the provisions of the Internal Revenue Code (including Section 529, other applicable sections and implementing regulations and administrative guidelines), the Statute and sections 3-22h-1 to 3-22h-9, inclusive, of the Regulations of Connecticut State Agencies. Procedures and forms for use in the administration and management of the Trust shall be subject to the approval of the Trustee. If the Trustee designates a third party to assist or act for the Trustee with respect to the administration and management of the Trust, the references in sections 3-22h-1 to 3-22h-9, inclusive, of the Regulations of Connecticut State Agencies to the Trust shall govern such designee of the Trustee.