Sec. 3-22f. Connecticut Higher Education Trust: Definitions.
Sec. 3-22f. Connecticut Higher Education Trust: Definitions. As used in sections 3-22f to 3-22o, inclusive:
(1) "Depositor" means any person making a deposit, payment, contribution, gift or
otherwise to the trust pursuant to a participation agreement;
(2) "Designated beneficiary" means (A) any individual (i) state resident originally
designated in the participation agreement, (ii) subsequently designated who is a family
member as defined in Section 2032A(e)(2) of the Internal Revenue Code or (iii) receiving a scholarship from interests in the trust purchased by a state or local government or an
organization described in Section 501(c)(3) of the Internal Revenue Code and qualified
under Section 529 of the Internal Revenue Code or (B) any other designated beneficiary
qualifying under said Section 529 enrolled in the trust;
(3) "Eligible educational institution" means an institution of higher education qualifying under Section 529 of the Internal Revenue Code as an eligible educational institution;
(4) "Internal Revenue Code" means the Internal Revenue Code of 1986, or any
subsequent corresponding internal revenue code of the United States, as from time to
time amended;
(5) "Participation agreements" means agreements between the trust and depositors
for participation in a savings plan for a designated beneficiary;
(6) "Qualified higher education expenses" means tuition, fees, books, supplies and
equipment required for the enrollment or attendance of a designated beneficiary at an
eligible educational institution, including undergraduate and graduate schools and any
other higher education expenses that may be permitted by Section 529 of the Internal
Revenue Code; and
(7) "Trust" means the Connecticut Higher Education Trust.
(P.A. 97-224, S. 1, 12.)
History: P.A. 97-224 effective July 1, 1997.