In this chapter, (1) 'department' means the Department of Revenue; (2) 'designated beneficiary' means the eligible individual for whom a program account for qualified expenses is established under this chapter; (3) 'eligible individual' means an individual who is eligible under AS 06.65.100; (4) 'federal authorizing law' means 26 U.S.C. 529A (Internal Revenue Code) and the regulations issued under that statute; (5) 'financial contractor' means a person that enters into a contract with the department under this chapter to provide program accounts; (6) 'member of the family' has the meaning given in the federal authorizing statute; (7) 'program' means the Alaska savings program for eligible individuals established under AS 06.65.010; (8) 'program account' means a savings account used by the program to meet the qualified disability expenses of the designated beneficiary of the account; (9) 'program account owner' means the designated beneficiary of a program account; (10) 'qualified expense' means a qualified disability expense as defined by the federal authorizing law; (11) 'representative' means a person who is a representative of an eligible individual under AS 06.65.110(a); (12) nse' means a qualified disability expense as defined by the federal authorizing law; (11) 'representative' means a person who is a representative of an eligible individual under AS 06.65.110(a); (12) 'savings account' means a financial account; (13) 'secretary' means the United States Secretary of the Treasury.
Alaska Legal Code