{"data":{"id":"us-ak/as-06.65.390","jurisdiction":"us-ak","citation":"AS 06.65.390","heading":"Definitions.","body":"In this chapter,\n(1) “department” means the Department of Revenue;\n(2) “designated beneficiary” means the eligible individual for whom a program account for qualified expenses is established under this chapter;\n(3) “eligible individual” means an individual who is eligible under AS 06.65.100;\n(4) “federal authorizing law” means 26 U.S.C. 529A (Internal Revenue Code) and the regulations issued under that statute;\n(5) “financial contractor” means a person that enters into a contract with the department under this chapter to provide program accounts;\n(6) “member of the family” has the meaning given in the federal authorizing statute;\n(7) “program” means the Alaska savings program for eligible individuals established under AS 06.65.010;\n(8) “program account” means a savings account used by the program to meet the qualified disability expenses of the designated beneficiary of the account;\n(9) “program account owner” means the designated beneficiary of a program account;\n(10) “qualified expense” means a qualified disability expense as defined by the federal authorizing law;\n(11) “representative” means a person who is a representative of an eligible individual under AS 06.65.110(a);\n(12) “savings account” means a financial account;\n(13) “secretary” means the United States Secretary of the Treasury.","path":["Title 6. Banks and Financial Institutions.","Chapter 65. Alaska Savings Program for Eligible Individuals."],"source_url":"https://www.akleg.gov/basis/statutes.asp#06.65.390","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:16:15Z","sha256":"cfac73f6700cd749f232457fdb5f9f95f5c2b713db6e805bd2db0358f89e652c","source_id":"us-ak","stale":false,"prev":"us-ak/as-06.65.350","next":"us-ak/as-06.90.010"},"notice":"GroundRules: Original legal text. Not legal advice."}