§ 18-19A-01. Definitions

   (a) In general. -- In this subtitle the following words have the meanings indicated.

(b) Account holder. -- "Account holder" means the person who established an investment account on behalf of a qualified designated beneficiary.

(c) Board. -- "Board" means the College Savings Plans of Maryland Board established under § 18-1904 of this title.

(d) Eligibile educational institution. -- "Eligible educational institution" has the meaning stated in § 529(e) of the Internal Revenue Code.

(e) Investment account. -- "Investment account" means an account established by an account holder under this subtitle on behalf of a qualified designated beneficiary for the purpose of applying distributions toward qualified higher education expenses at eligible educational institutions.

(f) Plan. -- "Plan" means the Maryland College Investment Plan established under this subtitle.

(g) Qualified designated beneficiary. -- "Qualified designated beneficiary" has the meaning stated in § 529(e) of the Internal Revenue Code.

(h) Qualified higher education expenses. -- "Qualified higher education expenses" has the meaning stated in § 529(e) of the Internal Revenue Code.

(i) Qualified state tuition program. -- "Qualified state tuition program" has the meaning stated in § 529 of the Internal Revenue Code.

HISTORY: 2000, ch. 494; 2003, ch. 21, § 7; chs. 381, 382.