AGENCY: Board of Regents (Utah). Higher Education Assistance Authority

SERIES: 29105
TITLE: The Utah Education Savings Plan (UESP) account records
DATES: 1996-
ARRANGEMENT: Chronological.

DESCRIPTION: The Utah Education Savings Plan (UESP) manages a public trust created to encourage and assist Utah's citizens in receiving higher education (Utah Code 53B-8a-101(1)(b)(2010). UESP creates investment accounts for individuals who would like to save money for a college education, typically to benefit a child or grandchild. These records document the investments related to these accounts. Records may include initial participation agreements, direct deposit forms, payment records, account adjustment documentation, disbursement request forms, and related correspondence.

RETENTION

Retain for 7 year(s) after final action

DISPOSITION

Destroy.

RETENTION AND DISPOSITION AUTHORIZATION

Retention and disposition for this series is authorized by Archives general schedule Trust financial records, GRS-1858

AUTHORIZED: 04/14/2017

FORMAT MANAGEMENT

Computer data files: Retain in Office for 7 years after final action and then delete.

Paper: Retain in Office for 1 year after final action and then transfer to State Records Center. Retain in State Records Center for 6 years and then destroy.

APPRAISAL

Administrative Fiscal Legal

These records have administrative and fiscal value as they document individual accounts and account tax benefits. Legal authority and obligations are outlined in Utah Code 53B-8a-103 (2016).

PRIMARY DESIGNATION

Private. Utah Code 63G-2-302(2)(b)and (d)(2016)

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