A.R.S. § 41-179: AZ529 Advisory Committee
AZ529, Arizona's education savings plan advisory committee; membership; duties
Who oversees Arizona's AZ529 education savings plan advisory committee?
In Arizona, the state treasurer appoints an advisory committee, chaired by the treasurer or a designee, to help promote AZ529, Arizona's education savings plan, especially among economically disadvantaged, minority and underrepresented students. The committee includes representatives of community colleges, a university under the Arizona Board of Regents, private schools and training programs, a classroom teacher, a tribe, an apprenticeship program, and three public members. It advises the treasurer on promotion, meets at least once each calendar quarter, and its members receive no pay or expense reimbursement.
Full statute text
Official text last checked against azleg.gov:
41-179. AZ529, Arizona's education savings plan advisory committee; membership; duties
A. The state treasurer shall appoint the AZ529, Arizona's education savings plan advisory committee to assist the treasurer in promoting and raising awareness of AZ529, Arizona's education savings plan established by title 15, chapter 14, article 7 to residents of this state, with emphasis on increasing access to the plan among economically disadvantaged, minority and underrepresented student populations. The advisory committee shall include all of the following:
1. The state treasurer or the state treasurer's designee, who serves as chairperson of the committee.
2. Two members or the members' designees who represent community college districts in this state, one of whom represents a community college district in a county with a population of five hundred thousand persons or more and one of whom represents a community college district in a county with a population of less than five hundred thousand persons.
3. One member or the member's designee who represents a university under the jurisdiction of the Arizona board of regents.
4. One member or the member's designee who represents an accredited private educational institution in this state offering associate, baccalaureate or higher degrees.
5. One member or the member's designee who represents an accredited private educational institution offering private vocational training in this state.
6. One member or the member's designee who represents an accredited private school or organization offering instruction to pupils in any combination of kindergarten programs or grades one through twelve in this state.
7. One member or the member's designee who is a teacher and who currently provides classroom instruction in this state.
8. One member or the member's designee who represents a federally recognized Indian tribe in this state.
9. One member or the member's designee who represents a United States department of labor-approved apprenticeship program.
10. Three public members or the members' designees who are residents of this state, including both of the following:
(a) At least one of whom represents a nonprofit organization that is exempt from taxation under section 501(c)(3) of the internal revenue code and that is based in this state.
(b) At least one of whom has financial planning experience.
B. The committee shall do both of the following:
1. Assist and make recommendations to the state treasurer regarding promotional and informational activities relating to AZ529, Arizona's education savings plan.
2. Meet at least once each calendar quarter. A majority of the membership constitutes a quorum for the transaction of business.
C. Committee members are not eligible to receive compensation or reimbursement of expenses.
D. The state treasurer's office shall provide necessary staff services to the committee.
Drafted by AI from the official text and checked sentence by sentence against azleg.gov. ClearStatute is run by David Bartlett, who is not an attorney. Legal information, not legal advice — consult a licensed attorney for your situation.