ROBERT L. EHRLICH, JR., Governor                             Ch. 381

(1)     Is eligible to apply advance payments of qualified higher education
expenses to undergraduate or graduate qualified higher education expenses at an
eligible institution of higher education under the provisions of this subtitle; and

(2)     Except as provided in § 18-1909(b) of this subtitle, is a resident of the
State or of the District of Columbia at the time that the [purchaser] ACCOUNT
HOLDER enters into a prepaid contract.

(k) "Qualified higher education expenses" has the meaning stated in § 529(e)
of the Internal Revenue Code.

(1) "Qualified state tuition program" has the meaning stated in § 529 of the
Internal Revenue Code.

(m) "TRUST" MEANS THE MARYLAND PREPAID COLLEGE TRUST ESTABLISHED
UNDER THIS SUBTITLE.

(N) "Tuition" means the charges imposed by an eligible institution of higher
education for enrollment at the institution and included registration and all fees
required as a condition of enrollment

(1)      "TUITION" MEANS THE ACTUAL TUITION AND MANDATORY FEES
ASSESSED TO ALL STUDENTS BY AN ELIGIBLE INSTITUTION OF HIGHER EDUCATION
AS A CONDITION OF ENROLLMENT AT THE INSTITUTION.

(2)      "TUITION" DOES NOT INCLUDE ANY FEE THAT IS ASSESSED BY THE
INSTITUTION FOR A PARTICULAR COURSE TAKEN, YEAR OF ENROLLMENT,
ACADEMIC STATUS, COURSE OF STUDY, RESIDENCY STATUS, OR ANY OTHER
DISTINGUISHING FACTOR USED BY THE INSTITUTION TO DETERMINE A SPECIFIC
FEE.

18-1902.1.

(A)     THERE IS A PROGRAM ENTITLED THE COLLEGE SAVINGS PLANS OF
MARYLAND.

(B)     THE PURPOSE OF THE PROGRAM IS TO PROVIDE FOR THE
ADMINISTRATION BY THE BOARD OF THE MARYLAND PREPAID COLLEGE TRUST AND
THE MARYLAND COLLEGE INVESTMENT PLAN AND ANY OTHER QUALIFIED STATE
TUITION PROGRAM ESTABLISHED BY THE BOARD IN ACCORDANCE WITH § 181905.1
OF THIS SUBTITLE.

18-1903.

(a)     There is a Maryland Prepaid College Trust.

(b)     The purpose of the [Program] TRUST is to provide:

(1)     A means for payment of the cost of tuition in advance of enrollment at
an eligible institution of higher education; and

(2)     An assurance to a beneficiary who enrolls at an eligible institution of
higher education that the Board shall make every effort to invest the advance

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