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56 chapters · 773 sections in this title.
17 GCA § 50001 Definitions
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As used in this Chapter, unless the context otherwise requires: (a) “Account” or “college account” means an individual savings account established in accordance with this Chapter. (b) “Account owner” means the individual who enters into a tuition savings agreement pursuant to thi…
17 GCA § 50002 Guam College Savings Program Established
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COL021307 There is hereby established the Guam College Savings Program. The purpose of this program is to enable families to save for college tuition and other expenses related to higher education through college accounts. The program shall provide college accounts to enable resi…
17 GCA § 50003 Functions And Powers Of The Commissioner
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(a) The Commissioner shall administer the program pursuant to this Chapter. The Commissioner may make changes to the program as required for participants to obtain or maintain the federal tax benefits or treatment provided by § 529 of the Internal Revenue Code of 1986, as amended…
17 GCA § 50004 Program Requirements; College Account
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(a) A college account may be opened by any person who desires to save money for the payment of qualified higher education expenses on behalf of a designated beneficiary. Said person shall be considered the account owner as defined in § 50001, supra. An application for an account …