Kansas Administrative Regulations
Agency 3 - KANSAS STATE TREASURER
Article 4 - LOW-INCOME FAMILY POSTSECONDARY SAVINGS ACCOUNTS INCENTIVE PROGRAM
Section 3-4-1 - Definitions

Universal Citation: KS Admin Regs 3-4-1

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:

(1) A rollover from another account in the Kansas post-secondary education savings program;

(2) a rollover from another state's qualified tuition program as defined in internal revenue code section 529;

(3) a transfer from a Coverdell education savings account as defined in internal revenue code section 530; or

(4) a transfer of proceeds from a qualified U.S. savings bond as described in internal revenue code section 135(c)(2)(C).

(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.

Disclaimer: These regulations may not be the most recent version. Kansas may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.