30-9-3. Definitions.

As used in this chapter, the term:

‘‘ABLE account’’ means an account established and owned by an eligible individual pursuant to this chapter.#

‘‘Board’’ means the board of directors of the Georgia ABLE Program Corporation.#

‘‘Corporation’’ means the Georgia ABLE Program Corporation created pursuant to Code Section 30-9-4.#

‘‘Designated beneficiary’’ means the eligible individual who establishes an ABLE account or to whom an ABLE account is transferred.#

‘‘Eligible individual’’ means an eligible individual as defined in Section 529A of the Internal Revenue Code.#

‘‘Georgia ABLE program’’ or ‘‘program’’ means a qualified ABLE program established pursuant to this chapter.#

‘‘Internal Revenue Code’’ has the meaning provided in Code Section 48-1-2.#

‘‘Participation agreement’’ means the agreement between the board and an eligible individual participating in the Georgia ABLE Program Trust Fund or his or her fiduciary.#

‘‘Qualified ABLE Program’’ means a program established pursuant to Section 529A of the Internal Revenue Code.#

‘‘Qualified disability expense’’ means an expense as defined in Section 529A of the Internal Revenue Code.#

‘‘Trust fund’’ means the Georgia ABLE Program Trust Fund.#