2015 Oregon Revised Statutes
Volume : 05 - State Government, Government Procedures, Land Use
Chapter 178 - State Treasurer; Oregon Retirement Savings Plan; Oregon 529 Savings Network
Section 178.375 - Definitions for ORS 178.375 and 178.380.
As used in this section and ORS 178.380:
(1) "ABLE account" means an account established by an eligible individual, owned by the eligible individual and maintained under the qualified ABLE program established by the Oregon 529 Savings Board under ORS 178.380.
(2) "ABLE Act" means the Stephen Beck, Jr., Achieving a Better Life Experience Act of 2014 (Division B of P.L. 113-295).
(3) "Contracting state" means a state without a qualified ABLE program that has entered into a contract with this state to provide residents of the contracting state access to the qualified ABLE program of this state.
(4) "Designated beneficiary" has the same meaning as contained in section 529A of the Internal Revenue Code.
(5) "Eligible individual" has the same meaning as contained in section 529A of the Internal Revenue Code.
(6) "Internal Revenue Code" means the federal Internal Revenue Code as amended and in effect on October 5, 2015.
(7) "Qualified disability expense" has the same meaning as contained in section 529A of the Internal Revenue Code.
[2015 c.843 §1]
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