Kan. Admin. Regs. § 3-4-1 - Definitions
In addition to the terms and definitions in K.S.A. 75-643 and K.S.A. 75-650 and amendments thereto, the following terms shall have the meanings specified in this regulation:
(a) "Account owner " means the account owner
or joint account owners of a participant account.
(b) "Contribution " means any deposit made by
an account owner to that account owner 's participant account during a calendar
year, except any deposit that is one of the following:
(1) A rollover from another account in the
Kansas post-secondary education savings program;
(2) a rollover from another state's qualified
tuition program as defined in internal revenue code section 529;
(3) a transfer from a Coverdell education
savings account as defined in internal revenue code section 530; or
(4) a transfer of proceeds from a qualified
U.S. savings bond as described in internal revenue code section
135(c)(2)(C).
(c)
"Household " means a group of individuals who are related by birth, marriage, or
adoption and who share a residence.
(d) "Participant " has the meaning specified
in K.S.A.
75-650, and amendments thereto. Each
participant shall be a beneficiary of a Kansas postsecondary education savings
program account, as defined in
K.S.A.
75-643 and amendments thereto.
(e) "Participant account" means the Kansas
postsec-ondary education savings program account established by an account
owner for the benefit of a participant who is enrolled in the matching grant
program.
This regulation shall be effective on and after January 1, 2010.
Notes
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