S-5067

   Amend Senate File 2301 as follows:
   1.  Page 1, line 1, by striking <e and g> and inserting <e, g, and i>
   2.  Page 1, by striking lines 9 through 17 and inserting: 
   <i.  “Participant” means any of the following persons that have entered into a participation agreement under this chapter for the advance payment of higher education costs on behalf of a beneficiary:
   (1)  An individual.
   (2)  An individual’s legal representative.
   (3)  A trust.
   (4)  An estate.
   (5)  An organization described in section 501(c)(3) of the Internal Revenue Code and exempt from taxation under section 501(a) of the Internal Revenue Code, provided the organization does not allow any person making a contribution to the organization to designate that any part of the contribution be used for the direct benefit of any dependent of the contributor or any other beneficiary designated by the contributor.>

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JANET PETERSEN