{"data":{"id":"us-nj/n.j.-stat.-18a-71b-45","jurisdiction":"us-nj","citation":"N.J. Stat. § 18A:71B-45","heading":"Construction.","body":"Construction.\na.\tNothing in this article shall be construed to:\n(1)\tguarantee that a designated beneficiary will be admitted to a higher education institution or be allowed to continue enrollment at or graduate from a higher education institution after admission;\n(2)\testablish State residency for a person merely because the person is a designated beneficiary; or\n(3)\tguarantee that amounts saved pursuant to the program will be sufficient to cover the qualified higher education expenses of a designated beneficiary.\nb.\tNothing in this article establishes any obligation of this State or any agency or instrumentality of this State to guarantee for the benefit of any contributor or designated beneficiary any of the following:\n(1)\tthe rate of interest or other return on any account; or\n(2)\tthe payment of interest or other return on any account.\nc.\tNothing in this article establishes any obligation or liability of this State or any agency or instrumentality of this State with respect to any federal or State tax liability of any contributor or designated beneficiary in this program.\nd.\tUnder regulations promulgated by the authority, every contract and application that may be used in connection with a contribution to an account shall clearly indicate that the account is not insured by this State nor is the investment return guaranteed by this State.\nL.1999,c.46,s.1.","path":["TITLE 18A EDUCATION"],"source_url":"https://pub.njleg.state.nj.us/statutes/STATUTES-TEXT.zip","current_through":"P.L.2025, c.405, and J.R.22","vintage":"","retrieved_at":"2026-08-27T17:54:13Z","sha256":"b4fca41007984728573a7385cb7c87231664843088c388051f9c13f5c264b94b","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-18a-71b-44","next":"us-nj/n.j.-stat.-18a-71b-46"},"notice":"GroundRules: Original legal text. Not legal advice."}