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Session Laws, 2000
Volume 797, Page 3627   View pdf image
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PARRIS N. GLENDENING, Governor S.B. 140
(iii) The number of [higher education investment] PREPAID
contracts entered into during the previous fiscal year; (iv) Efforts by the Board in marketing the Program of [higher
education investment] PREPAID contracts; and (v) Any recommendations of the Board concerning the operation of the Program. (2) The Board shall make available to each purchaser a copy of a
summary of the report and the option to purchase the full report at a nominal charge. SUBTITLE 19A. MARYLAND COLLEGE INVESTMENT PLAN.
18-19A-01. (A) IN THIS SUBTITLE THE FOLLOWING WORDS HAVE THE MEANINGS
INDICATED. (B) "BOARD" MEANS THE MARYLAND HIGHER EDUCATION INVESTMENT
BOARD ESTABLISHED UNDER § 18-1904 OF THIS TITLE. (C) "CONTRIBUTOR" MEANS THE PERSON WHO ESTABLISHES A COLLEGE AN
INVESTMENT PLAN ACCOUNT ON BEHALF OF A QUALIFIED DESIGNATED
BENEFICIARY. (D) "ELIGIBLE EDUCATIONAL INSTITUTION" HAS THE MEANING STATED IN §
529(E) OF THE INTERNAL REVENUE CODE. (E) "INVESTMENT ACCOUNT" MEANS AN ACCOUNT ESTABLISHED BY A
CONTRIBUTOR UNDER THIS SUBTITLE ON BEHALF OF A QUALIFIED DESIGNATED
BENEFICIARY FOR THE PURPOSE OF APPLYING DISTRIBUTIONS TOWARD QUALIFIED
HIGHER EDUCATION EXPENSES AT ELIGIBLE EDUCATIONAL INSTITUTIONS. (F) "QUALIFIED DESIGNATED BENEFICIARY' HAS THE MEANING STATED IN §
529(E) OF THE INTERNAL REVENUE CODE. (G) "QUALIFIED HIGHER EDUCATION EXPENSES" HAS THE MEANING STATED
IN § 529(E) OF THE INTERNAL REVENUE CODE. (H) "QUALIFIED STATE TUITION PROGRAM" HAS THE MEANING STATED IN §
529 OF THE INTERNAL REVENUE CODE. (I) "PLAN" MEANS THE MARYLAND COLLEGE INVESTMENT PLAN
ESTABLISHED UNDER THIS SUBTITLE. 18-19A-02. (A) THERE IS A MARYLAND COLLEGE INVESTMENT PLAN. (B) THE PURPOSE OF THE MARYLAND COLLEGE INVESTMENT PLAN IS TO
ALLOW CONTRIBUTIONS TO AN INVESTMENT ACCOUNT ESTABLISHED FOR THE
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Session Laws, 2000
Volume 797, Page 3627   View pdf image
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