21-5-1301. Definitions.

Arkansas Code — all titles (historical 2020) · legal_authorities

21-5-1301. Definitions. As used in this subchapter: (1)(A) “Agency” means a board, commission, department, officer, or other authority of the government of the State of Arkansas. (B) “Agency” does not include the General Assembly, the courts, and Governor; and (2) “Tuition savings program” means an account as defined under § 6-84-103(1).

Source: Arkansas Code — historical release 78 (November 6, 2020) · 21-5-1301

Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.

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Arkansas Code — all titles (historical 2020) · legal_authorities

6-84-103. Definitions.

6-84-103. Definitions. As used in this chapter: (1) “Account” means an account established in accordance with this chapter; (2) “Account owner” means the person who, under this chapter or the rules promulgated by the Section 529 Plan Review Committee, is entitled to select or change the designated beneficiary of an account, to designate any person other than the designated beneficiary to whom funds may be paid from the account, or to receive distributions from the account if no other person is designated; (3) “Act” means the Arkansas Tax-Deferred Tuition Savings Program Act, § 6-84-101 et seq.; (4)(A) “Arkansas Tax-Deferred Tuition Savings Program Trust” or “trust” means the trust created under § 6-84-104. (B) Participation in the trust shall be open to Arkansas residents and nonresidents alike; (5) “Committee” means the Section 529 Plan Review Committee, provided for in § 6-84-105, which shall oversee the administration of the Arkansas Tax-Deferred Tuition Savings Program and ensure that the program complies with the provisions of this chapter and acts in accordance with 26 U.S.C. § 529, as in effect on January 1, 2018; (6) “Contribution” means: (A) Any payment directly allocated to an account for the benefit of a designated beneficiary or used to pay administrative fees associated with an account; and (B) That portion of any rollover amount treated as a contribution under 26 U.S.C. § 529, as in effect on January 1, 2018; (7) “Contributor” means any person making a contribution to an account; (8) “Designated beneficiary” means, except as provided in § 6-84-108, the individual designated at the time the account is opened as having the right to receive a qualified withdrawal for the payment of qualified higher education expenses or, if the designat

Source: Arkansas Code — historical release 78 (November 6, 2020) · 6-84-103

Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. The source passage cites 6-84-103. This identifies an authority to review, not proof of applicability.