New Mexico Statutes Chapter 6. Public Finances § 6-8A-2. Definitions

A. “account” means an individual tax-free savings account for a designated beneficiary that is established pursuant to Section 529A of the Internal Revenue Code of 1986,  1 as amended;

B. “account owner” means a person who establishes and owns an account under the Accounts for Persons with Disabilities Act and who is one of the following:

C. “designated beneficiary” means a person for whom an account is established under the Accounts for Persons with Disabilities Act;

D. “disability certification” means a certification deemed sufficient by the United States secretary of the treasury to establish a certain level of physical or mental impairment that meets the requirements of Section 529A of the Internal Revenue Code of 1986, as amended;

E. “eligible person” means, for a taxable year, a person who is either:

F. “family member” means a sibling, whether by blood or adoption, including a brother, sister, stepbrother, stepsister, half-brother or half-sister;

G. “fiduciary” means a person authorized to do business in New Mexico and acting as a fiduciary to manage and invest an account; provided that such person is bonded and is not the parent, guardian or conservator of the designated beneficiary of the account;

H. “financial organization” means an organization that is authorized to do business in New Mexico and is:

I. “office” means the office of the state treasurer;

J. “qualified disability expenses” means any expenses, related to the designated beneficiary's blindness or disability, that include the following:

K. “qualified program” means a program established and maintained by the state or an agency or instrumentality of the state pursuant to 26 U.S.C. Section 529A.