{"data":{"id":"us-ak/as-14.40.817","jurisdiction":"us-ak","citation":"AS 14.40.817","heading":"Definitions.","body":"In AS 14.40.803 — 14.40.817,\n(1) “advance college tuition savings contract” or “contract” means a contract entered into by the board and a purchaser to provide for the qualified higher education expenses of a beneficiary;\n(2) “beneficiary” means a designated beneficiary as defined under 26 U.S.C. 529(e)(1) (Internal Revenue Code);\n(3) “board” means the Board of Regents of the university;\n(4) “eligible educational institution” has the meaning given in 26 U.S.C. 135(c)(3) (Internal Revenue Code);\n(5) “fund” means the Alaska advance college tuition savings fund established under AS 14.40.803;\n(6) “plan” means the formal plan for administration of an advance college tuition savings program adopted by the board under AS 14.40.809(b);\n(7) “purchaser” means the person who is named in the contract and has the rights conferred upon a purchaser under an advance college tuition savings contract;\n(8) “qualified higher education expenses” has the meaning given in 26 U.S.C. 529(e)(3) (Internal Revenue Code);\n(9) “university” means the University of Alaska, including a community college affiliated with the university.","path":["Title 14. Education, Libraries, and Museums.","Chapter 40. The University of Alaska and the Community Colleges.","Article 6. Education Trust of Alaska."],"source_url":"https://www.akleg.gov/basis/statutes.asp#14.40.817","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:17:00Z","sha256":"6791192523fb19ae9d8569eaad72822a2be648feb73ddd7d1bd3247649ff2c53","source_id":"us-ak","stale":false,"prev":"us-ak/as-14.40.815","next":"us-ak/as-14.40.820"},"notice":"GroundRules: Original legal text. Not legal advice."}