Kansas Administrative Regulations
Agency 3 - KANSAS STATE TREASURER
Article 4 - LOW-INCOME FAMILY POSTSECONDARY SAVINGS ACCOUNTS INCENTIVE PROGRAM
Section 3-4-1 - Definitions
Current through Register Vol. 43, No. 12, March 20, 2024
In addition to the terms and definitions in K.S.A. 75-643 and K.S.A. 75-650 and amendments thereto, the following terms shall have the meanings specified in this regulation:
(a) "Account owner" means the account owner or joint account owners of a participant account.
(b) "Contribution" means any deposit made by an account owner to that account owner's participant account during a calendar year, except any deposit that is one of the following:
(c) "Household" means a group of individuals who are related by birth, marriage, or adoption and who share a residence.
(d) "Participant" has the meaning specified in K.S.A. 75-650, and amendments thereto. Each participant shall be a beneficiary of a Kansas postsecondary education savings program account, as defined in K.S.A. 75-643 and amendments thereto.
(e) "Participant account" means the Kansas postsec-ondary education savings program account established by an account owner for the benefit of a participant who is enrolled in the matching grant program.
This regulation shall be effective on and after January 1, 2010.