2013 District of Columbia Code
Division VIII — GENERAL LAWS
Title 47 — TAXATION, LICENSING, PERMITS, ASSESSMENTS, AND FEES
Chapter 45 — COLLEGE SAVINGS PROGRAM
Section 47-4501 — Definitions.

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) "Advisory Board" means the District of Columbia College Savings Program Advisory Board.
(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.

History
(Mar. 31, 2001, D.C. Law 13-212, § 2(b), 47 DCR 9457; June 5, 2003, D.C. Law 14-307, § 2402(b), 49 DCR 11664.)

Annotations
Effect of Amendments. D.C. Law 14-307, in par. (2), substituted "individual or organization" for "individual"; rewrote pars. (4), (5), (7), (8), and (9); and added pars. (11) and (12).

Temporary Amendment of Section. For temporary (225 day) amendment of section, see 2(b) of College Savings Program Temporary Act of 2002 (D.C. Law 14-186, October 1, 2002, law notification 49 DCR 9244).

Emergency Legislation. For temporary (90 day) amendment of section, see § 2402(b) of Fiscal Year 2003 Budget Support Amendment Emergency Act of 2002 (D.C. Act 14-544, December 4, 2002, 49 DCR 11700).
For temporary (90 day) amendment of section, see § 2(b) of College Savings Program Emergency Act of 2002 (D.C. Act 14-374, May 20, 2002, 49 DCR 5114).
For temporary (90 day) amendment of section, see § 2402(b) of the Fiscal Year 2003 Budget Support Amendment Congressional Review Emergency Act of 2003 (D.C. Act 15-27, February 24, 2003, 50 DCR 2151).
For temporary (90 day) amendment of section, see § 2402(b) of Fiscal Year 2003 Budget Support Amendment Second Congressional Review Emergency Act of 2003 (D.C. Act 15-103, June 20, 2003, 50 DCR 5499).

Legislative History of Law 13-212. Law 13-212, the "College Savings Act of 2000", was introduced in Council and assigned Bill No. 13-542, which was referred to the Committee on Finance and Revenue. The Bill was adopted on first and second readings on July 11, 2000, and October 3, 2000, respectively. Signed by the Mayor on October 30, 2000, it was assigned Act No. 13-464 and transmitted to both Houses of Congress for its review. D.C. Law 13-212 became effective on March 31, 2001.

Legislative History of Law 14-307. For Law 14-307, see notes following § 47-903.

References in Text. Section 529 of the Internal Revenue Code, referred to in pars. (4), (5), (7), and (9), is classified to 26 U.S.C. § 529.