ORS 178.375¹
Definitions for ORS 178.375, 178.380 and 178.385

As used in this section and ORS 178.380 (Establishment of qualified ABLE program) and 178.385 (Right to direct investments for ABLE accounts):

(1) “ABLE account” means an account established by an eligible individual, owned by the eligible individual and maintained under the qualified ABLE program established by the Oregon 529 Savings Board under ORS 178.380 (Establishment of qualified ABLE program).

(2) “ABLE Act” means the Stephen Beck, Jr., Achieving a Better Life Experience Act of 2014 (Division B of P.L. 113-295).

(3) “Designated beneficiary” has the same meaning as contained in section 529A of the Internal Revenue Code.

(4) “Eligible individual” has the same meaning as contained in section 529A of the Internal Revenue Code.

(5) “Internal Revenue Code” means the federal Internal Revenue Code as amended and in effect on December 31, 2017.

(6) “Qualified disability expense” has the same meaning as contained in section 529A of the Internal Revenue Code. [2015 c.843 §1; 2016 c.33 §1a; 2017 c.367 §3; 2018 c.57 §1]

1 Legislative Counsel Committee, CHAPTER 178—State Treasurer; Oregon Retirement Savings Plan; Oregon 529 Savings, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­ors178.­html (2019) (last ac­cessed May 16, 2020).
 
2 OregonLaws.org contains the con­tents of Volume 21 of the ORS, inserted along­side the per­tin­ent statutes. See the preface to the ORS An­no­ta­tions for more information.
 
3 OregonLaws.org assembles these lists by analyzing references between Sections. Each listed item refers back to the current Section in its own text. The result reveals relationships in the code that may not have otherwise been apparent. Currency Information