R982-302-101. Purpose and Authority for Education Savings Incentive Program and Statement of the Rules

(1) The purpose of the Education Savings Incentive (ESI) Program, Title 35A, Chapter 9, Part 6 is to provide an incentive to individuals and families experiencing intergenerational poverty to save for higher education through the establishment of a match program for eligible 529 educational savings accounts. (2) The Department of Workforce Services is responsible to determine eligibility of individuals and families for participation in the ESI Program and for administering the Program in coordination with Utah Education Savings Plan and the State Tax Commission. (3) The legal authority for this rule is found in Section 35A-9-603. (4) This rule only applies to the ESI program.