(1) "advance college tuition savings contract" or "contract" means a contract entered into by the board and a purchaser to provide for the qualified higher education expenses of a beneficiary;
(2) "beneficiary" means a designated beneficiary as defined under 26 U.S.C. 529(e)(1) (Internal Revenue Code);
(3) "board" means the Board of Regents of the university;
(4) "eligible educational institution" has the meaning given in 26 U.S.C. 135(c) (3) (Internal Revenue Code);
(5) "fund" means the Alaska advance college tuition savings fund established under AS 14.40.803
;
(6) "plan" means the formal plan for administration of an advance college tuition savings program adopted by the board under AS 14.40.809(b);
(7) "purchaser" means the person who is named in the contract and has the rights conferred upon a purchaser under an advance college tuition savings contract;
(8) "qualified higher education expenses" has the meaning given in 26 U.S.C. 529(e)(3) (Internal Revenue Code);
(9) "university" means the University of Alaska, including a community college affiliated with the university.
(1) "advance college tuition savings contract" or "contract" means a contract entered into by the board and a purchaser to provide for the qualified higher education expenses of a beneficiary;
(2) "beneficiary" means a designated beneficiary as defined under 26 U.S.C. 529(e)(1) (Internal Revenue Code);
(3) "board" means the Board of Regents of the university;
(4) "eligible educational institution" has the meaning given in 26 U.S.C. 135(c) (3) (Internal Revenue Code);
(5) "fund" means the Alaska advance college tuition savings fund established under AS 14.40.803
;
(6) "plan" means the formal plan for administration of an advance college tuition savings program adopted by the board under AS 14.40.809(b);
(7) "purchaser" means the person who is named in the contract and has the rights conferred upon a purchaser under an advance college tuition savings contract;
(8) "qualified higher education expenses" has the meaning given in 26 U.S.C. 529(e)(3) (Internal Revenue Code);
(9) "university" means the University of Alaska, including a community college affiliated with the university.
(1) "advance college tuition savings contract" or "contract" means a contract entered into by the board and a purchaser to provide for the qualified higher education expenses of a beneficiary;
(2) "beneficiary" means a designated beneficiary as defined under 26 U.S.C. 529(e)(1) (Internal Revenue Code);
(3) "board" means the Board of Regents of the university;
(4) "eligible educational institution" has the meaning given in 26 U.S.C. 135(c) (3) (Internal Revenue Code);
(5) "fund" means the Alaska advance college tuition savings fund established under AS 14.40.803
;
(6) "plan" means the formal plan for administration of an advance college tuition savings program adopted by the board under AS 14.40.809(b);
(7) "purchaser" means the person who is named in the contract and has the rights conferred upon a purchaser under an advance college tuition savings contract;
(8) "qualified higher education expenses" has the meaning given in 26 U.S.C. 529(e)(3) (Internal Revenue Code);
(9) "university" means the University of Alaska, including a community college affiliated with the university.
