(a) Definitions. The following definitions shall apply within this Chapter:
(1) Account means the formal record of transactions consistent with Section 529 of the Internal Revenue Code.
(2) Account owner means the State of California acting pursuant to Education Code Section 69995, et seq. as owner of qualified scholarship accounts for award recipients.
(3) Award notification letter means the letter delivered to a pupil through his or her school which provides: (1) notice of and instructions for claiming a Governor's Scholars Award; (2) identification of an Internet site to use to claim the award; and (3) a unique identifying number to the pupil.
(4) Award recipient means a pupil who has been identified as the recipient of a scholarship award defined in Education Code Section 69997 or 69998 and who has successfully claimed at least one scholarship award.
(5) Claim means the submission of information by a pupil or award recipient in accordance with Section 31001 of this Chapter, to establish his or her identity as the recipient of a scholarship award.
(6) Pupil means a student who has been identified as the recipient of a scholarship award defined in Education Code Section 69997 who has not yet successfully claimed at least one such award.
(7) Qualified scholarship account means an account opened by the account owner for the benefit of award recipients in accordance with Sections 117 and 529 of the Internal Revenue Code.
(8) Qualified scholarship account distribution means a withdrawal from the qualified scholarship account in accordance with Sections 117 and 529 of the Internal Revenue Code and is referred to herein as a distribution.
(9) Scholarship award means either a Governor's Scholars award defined in Education Code Section 69997 or a Governor's Distinguished Mathematics and Science Scholars award defined in Education Code Section 69998.
(10) Scholarshare Investment Board's designee means the entity designated by the Scholarshare Investment Board to invest and manage funds on behalf of the account owner.
(b) A “written notification,” “written request” or “written confirmation” may include an electronic notification, electronic request or electronic confirmation containing an electronic signature that is acceptable under California or federal electronic signature laws.
Credits
Note: Authority cited: Sections 69981(d), 69996(d) and 69999, Education Code. Reference: Section 69995(c), Education Code; and Sections 529 and 117(b), Internal Revenue Code.
History
1. New chapter 2 (sections 31000-31007) and section filed 12-1-2000 as an emergency; operative 12-1-2000 (Register 2000, No. 48). A Certificate of Compliance must be transmitted to OAL by 11-30-2001 pursuant to Education Code section 69999 or emergency language will be repealed by operation of law on the following day.
2. Certificate of Compliance as to 12-1-2000 order transmitted to OAL 11-30-2001 and filed 12-21-2001 (Register 2001, No. 51).
3. New subsection (b) filed 12-27-2001 as an emergency; operative 1-1-2002 (Register 2001, No. 52). Pursuant to Education Code section 69999, a Certificate of Compliance must be transmitted to OAL by 1-1-2003 or emergency language will be repealed by operation of law on the following day.
4. Editorial correction of History 3 (Register 2002, No. 21).
5. Certificate of Compliance as to 12-27-2001 order, including amendment of section, transmitted to OAL 12-18-2002 and filed 1-29-2003 (Register 2003, No. 5).
This database is current through 4/26/24 Register 2024, No. 17.
