(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(3) Repealed.
(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.
