Washington Revised Code Title 43. State Government--Executive § 43.31.455. SEED act--Definitions

(1) “Department” means the department of commerce.

(2) “Director” means the director of the department of commerce.

(3) “Foster youth” means a person who is fifteen years of age or older who is a dependent of the department of social and health services; or a person who is at least fifteen years of age, but not more than twenty-three years of age, who was a dependent of the department of social and health services for at least twenty-four months after attaining thirteen years of age.

(4) “Individual development account” or “account” means an account established by contract between a low-income individual and a sponsoring organization for the benefit of the low-income individual and funded through periodic contributions by the low-income individual which are matched with contributions by or through the sponsoring organization.

(5) “Low-income individual” means a person whose household income is equal to or less than either:

(6) “Program” means the individual development account program established pursuant to RCW 43.31.450 through 43.31.475.

(7) “Sponsoring organization” means: (a) A nonprofit, fund-raising organization that is exempt from taxation under section 501(c)(3) of the internal revenue code as amended and in effect on January 1, 2005; (b) a housing authority established under RCW 35.82.030; or (c) a federally recognized Indian tribe.