D.C. Code § 47-4501

Definitions.

Official textus-dc/statcode.dccouncil.gov13 subsections

For the purposes of this chapter, the term:

# (1)

“Account” means a college savings account established under § 47-4503.

# (2)

“Account owner” means the individual or organization who enters into a college savings agreement under this chapter establishing an account. The account owner may also be the designated beneficiary of the account.

# (3)

Repealed.

# (4)

“Designated beneficiary” shall have the same meaning as in section 529(e)(1) of the Internal Revenue Code [26 U.S.C. § 529(e)(1)].

# (5)

“Eligible institution” shall have the same meaning as “eligible educational institution” in section 529(e)(5) of the Internal Revenue Code [26 U.S.C. § 529(e)(5)].

# (6)

“Internal Revenue Code” means the Internal Revenue Code of 1986, approved October 22, 1986 (100 Stat. 2085; 26 U.S.C. § 1 et seq.).

# (7)

“Member of the family” shall have the same meaning as in section 529(e)(2) of the Internal Revenue Code [26 U.S.C. § 529(e)(2)].

# (8)

“Program” means the District of Columbia College Savings Program established under § 47-4502, including the Trust established therewith.

# (9)

“Qualified higher education expenses” shall have the same meaning as in section 529(e)(3) of the Internal Revenue Code [26 U.S.C. § 529(e)(3)].

# (10)

“Qualified withdrawal” means a withdrawal from an account to pay the qualified higher education expenses of the designated beneficiary of the account.

# (11)

“Trust” means the District of Columbia College Savings Program Trust established under § 47-4502.

# (12)

“Trustee” means the trustee of the District of Columbia College Savings Program Trust.

Source: official DC Code section page (code.dccouncil.gov)

In this chapter (12 sections)

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