Trust Fund

Trust Fund. The MPACT Trust Fund was established as a separate fund in the State Treasury to receive payments by MPACT Contract Purchasers in accordance with MPACT Contracts, legislative appropriations, as well as contributions, gifts and bequests by businesses or individuals. All monies deposited into this Trust Fund are invested by the Office of the State Treasurer in accordance with statute and the Investment Policy of the Board, with the goal of yielding sufficient income to generate the difference between the prepaid amount and the cost of In-State Tuition and Mandatory Fees at the time of actual enrollment of the Beneficiary.