§ 695-a. Purposes. The purposes of the tuition savings program shall
be to authorize the establishment of family tuition accounts and to
provide guidelines for the maintenance of such accounts to:

1. Enable residents of this state and other states to benefit from the
tax incentive provided for qualified state tuition programs under the
Internal Revenue Code of 1986, as amended; and

2. Attract students to public and private colleges and universities
within the state.