of such Act to be made to such 401Kids Savings Accounts, if applicable, (v) permits distributions and rollovers from such 401Kids Savings Accounts as provided in paragraph (4), (vi) except as provided in the second sentence of this subparagraph, prohibits multiple accounts from being established for the same individual, and includes— (I) procedures to consolidate multiple accounts established for the same individual and return excess contributions on an annual basis, with notice provided to the parent or guardian of the individual (or, if appropriate, to the individual) and a procedure for resolution of disputes, and (II) procedures by which all accounts established are reported to the Secretary to ensure compliance with this clause, (vii) permits, not less frequently than once per year, for an account to be moved from one State program to another or between a State program and the Federal 401Kids Account Program, and (viii) ensures that such 401Kids Savings Accounts are invested in accordance with prudent investment strategies which are in the best interest of eligible individuals. (B) Collective account For purposes of subparagraph (A), a State may establish a collective account for all eligible individuals in the State which is owned by the State, but only if— (i) the State program provides for separate accounting for each such individual, (ii) allows such account to receive contributions described in subparagraph (A)(iv), and (iii) if such account does not permit contributions by persons other than the State or the Secretary, permits for the establishment of a linked account under the program which accepts contributions by such other persons as provided in subparagraph (A)(iii) and which is aggregated for purposes of any limitation under this section with the amounts credited to the eligible individual in the State collective account. (C) Certification A program of a State shall not be treated as a 401Kids Account Program unless such program is certified by the Secretary as meeting the requirements of this