SEC. 37-155-21. Statement regarding status of prepaid tuition contract.

Section 37-155-21, Mississippi Code of 1972, is amended as follows:

37-155-21. Statement Regarding Status of Prepaid Tuition Contract.

(1)  * * * The board shall furnish without charge to each purchaser an annual statement of:

(a) The amount paid by the purchaser under the prepaid tuition contract;

(b) The number of years originally covered by the contract;

(c) The number of years remaining under the contract; and

(d) Any other information the board determines by rule is necessary or appropriate.

(2) The board shall furnish a statement complying with subsection (1) to a purchaser or beneficiary on written request. The board may charge a reasonable fee for each statement furnished under this subsection.

SOURCES: Laws, 1996, ch. 427, Sec. 11, eff from and after July 1, 1996; Amended by Laws 1999, Ch. 378, Sec. 5, eff. July 1, 1999.