§ 18-19C-01. Definitions.

MD Educ Code § 18-19C-01 (2019) (N/A)
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(a)    In this subtitle the following words have the meanings indicated.

(b)    “ABLE account” means an account described under § 529A(e) of the Internal Revenue Code.

(c)    “ABLE account contributor” means an individual who contributes money to an ABLE account described under § 529A(e) of the Internal Revenue Code.

(d)    “ABLE account holder” means an individual who has established an account described under § 529A(e) of the Internal Revenue Code and is the designated beneficiary of the account.

(e)    “Board” means the Maryland 529 Board established under § 18–1904 of this title.

(f)    “Designated beneficiary” means an individual described in § 529A(e) of the Internal Revenue Code.

(g)    “Maryland ABLE Program” means a qualified ABLE program described in § 529A(b) of the Internal Revenue Code.

(h)    “Qualified disability expenses” means expenses described in § 529A(e) of the Internal Revenue Code.