Common Contracts
1 similar Illinois Prepaid Tuition Contract contracts
ContractIllinois Prepaid Tuition Contract • May 5th, 2020
(110 ILCS 979/10) Sec. 10. Definitions. In this Act: "Illinois public university" means the University of Illinois, Illinois State University, Chicago State University, Governors State University, Southern Illinois University, Northern Illinois University, Eastern Illinois University, Western Illinois University, or Northeastern Illinois University. "Illinois community college" means a public community college as defined in Section 1-2 of the Public Community College Act. "Eligible institution" means an eligible educational institution as defined in Section 529 of the federal Internal Revenue Code of 1986 and any regulations thereunder. "Illinois prepaid tuition contract" or "contract" means a contract entered into between the State and a Purchaser under Section 45 to provide for the higher education of a qualified beneficiary. "Illinois prepaid tuition program" or "program" means the program created in Section 15. "Purchaser" means a person who makes or has contracted to make payments
