Washington Code 43.330.460 – Washington achieving a better life experience program — Definitions
Current as of: 2023 | Check for updates
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The definitions in this section apply throughout RCW 43.330.462 through 43.330.468 unless the context clearly indicates otherwise.
Terms Used In Washington Code 43.330.460
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
(1) “Eligible individual” means an individual eligible for the Washington achieving a better life experience program pursuant to section 529A of the federal internal revenue code of 1986, as amended.
(2) “Governing board” means the Washington achieving a better life experience program governing board in RCW 43.330.466.
(3) “Individual Washington achieving a better life experience program account” means an account established by or for an eligible individual and owned by the eligible individual pursuant to the Washington achieving a better life experience program. Any moneys placed in these accounts or achieving a better life experience program accounts established in other states shall not be counted as assets for purposes of state or local means-tested program eligibility or levels of state means-tested program eligibility.
(4) “Washington achieving a better life experience program” means a savings or investment program that establishes individual Washington achieving a better life experience program accounts pursuant to section 529A of the federal internal revenue code of 1986, as amended.
(5) “Washington achieving a better life experience program account” means the account created in RCW 43.330.462(1), to be used only for purposes of Washington achieving a better life experience program administration and operation.