Ed. Code, § 69996.2

For purposes of this article, unless the context requires otherwise, the following definitions apply:

(a) “Account” means a Scholarshare 529 account established pursuant to this article under Article 19 (commencing with Section 69980), or other child savings plan where applicable and as determined by the board.

(b) “Beneficiary” is an eligible child receiving funds under the program.

(c) “Board” means the Scholarshare Investment Board created pursuant to Section 69984.

(d) “Enhanced deposit” means an initial or supplemental contribution into a KIDS Account or another plan option determined by the board pursuant to Section 69996.9.

(e) “Fund” means the California Kids Investment and Development Savings Program Fund established pursuant to subdivision (a) of Section 69996.6.

(f) “Institution of higher education” has the same meaning as “eligible educational institution,” as provided in Section 529(e)(5) of the Internal Revenue Code, and registered apprenticeship programs registered under the National Apprenticeship Act of 1937 (29 U.S.C. Sec. 50 et seq.), except as provided in Section 3226 of Title 29 of the United States Code.

(g) “Internal Revenue Code” means the Internal Revenue Code of 1986, as it is amended from time to time, if, as determined by the board, the amendment is consistent with the purposes of this article.

(h) “KIDS Account” means an account in which designated funding for eligible children is held.

(i) “Low-income households” means households with a total annual adjusted gross income less than seventy-five thousand dollars ($75,000) or households identified by the board by other means as low-income for purposes of the program.

(j) “Participant” means one of the following:

(1) A parent or legal guardian of an eligible child.

(2) A parent or legal guardian of a child described in subdivision (i) of Section 69996.3.

(3) Any private individual or entity who contributes moneys to the program.

(k) “Program” means the California Kids Investment and Development Savings Program established pursuant to this article.

(l) “Qualified higher education expenses” means the expenses of attendance at an institution of higher education, as provided in Section 529(e)(3) of the Internal Revenue Code, or at a registered apprenticeship program, as provided in Section 529(c)(8) of the Internal Revenue Code. Notwithstanding Section 529(c)(7) of the Internal Revenue Code, “qualified higher education expenses” shall not include any tuition expenses in connection with enrollment or attendance at an elementary or secondary public, private, or religious school.

(m) “Seed deposit” means an initial contribution into a KIDS Account for a child born on or after a date determined by the board.