All terms used in OAR chapter 173 are as defined in the Act. In addition, as used in OAR chapter 173, unless the context indicates otherwise:

1. (1) “College Savings Plan” means a qualified 529 plan as defined by the Code and ORS 178.300
2. (2) “ABLE Plan” means a qualified 529a plan as defined by the Code and ORS 178.300
3. (3) “Network Plans” means all qualified 529 and 529a plans administered by the Oregon 529 Savings Board.
4. (1) "Act" means ORS 178.300 to 178.380, as amended from time to time.
5. (2) "Business day" means any weekday on which the New York Stock Exchange (NYSE) is open.
6. (3) "Participation agreement" means the agreement setting forth the terms and conditions governing an account and participation in the applicable plan.
7. (4) “Code” means sections 529 and 529a of the Internal Revenue Code and any other sections, regulations, rulings, announcements or other guidance issued under the Internal Revenue Code.
8. (5) “Executive Director” means the Executive Director of the Oregon 529 Savings Network.
9. (6) "Person" means a "person" as defined in Section 7701(a)1 of the Code, including an individual, trust, estate, partnership, association, company or corporation, and in addition, the State of Oregon or a State of Oregon local government or an agency or instrumentality of either.
10. (7) "Plan" means a College Savings Plan or an ABLE Plan that is established by the board under the Oregon 529 Savings Network, pursuant to its authority under the Act.
11. (8) “In writing”, “written requests”, “written instructions” or similar terms used to refer to communications regarding an account include emails or transactions conducted online or electronically as permitted by the board.
12. (9) "Plan manager" means a third party entity serving as the administrator, marketing agent and/or investment manager of a plan. References in OAR chapter 173 to "plan manager" mean the plan manager of the plan under which an account was opened.
13. (10) "UGMA/UTMA" means the Uniform Gifts to Minors Act, the Uniform Transfer to Minors Act or a substantially similar act of Oregon or another state, as applicable.

Statutory/Other Authority

ORS 348.853(2)

Statutes/Other Implemented

ORS 348.853(2)

History

OSB 1-2016, f. & cert. ef. 7-28-16
QTSB 2-2010, f. 9-10-10, cert. ef. 9-14-10
QTSB 1-2010(Temp), f. & cert. ef. 3-25-10 thru 9-15-10
QTSB 3-2002, f. & cert. ef. 10-29-02
QTSB 2-2002(Temp), f. & cert. ef. 8-15-02 thru 12-6-02
QTSB 1-2002(Temp), f. & cert. ef. 6-14-02 thru 12-6-02
QTSB 1-2001, f. & cert. ef. 1-2-01