Washington Code 28B.105.020 – Definitions
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The definitions in this section apply throughout this chapter unless the context clearly requires otherwise.
Terms Used In Washington Code 28B.105.020
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
(1) “GET units” means tuition units under the advanced college tuition payment program in chapter 28B.95 RCW.
(2) “Institution of higher education” has the same meaning as in RCW 28B.92.030(4) (a) and (b) (i) and (ii).
(3) “Office” means the office of student financial assistance.
(4) “Program administrator” means the private nonprofit corporation that is registered under Title 24 RCW and qualified as a tax-exempt entity under section 501(c)(3) of the federal internal revenue code, that will serve as the private partner in the public-private partnership under this chapter.
(5) “Qualified program” or “qualified major” means a mathematics, science, or related degree program or major line of study offered by an institution of higher education that is included on the list of programs or majors selected by the office and the program administrator under RCW 28B.105.100.
NOTES:
Findings—Intent—Effective date—2013 c 248: See notes following RCW 28B.92.030.
Effective date—2011 1st sp.s. c 11 §§ 101-103, 106-202, 204-244, and 301: See note following RCW 28B.76.020.
Intent—2011 1st sp.s. c 11: See note following RCW 28B.76.020.