; and (B) has the right to receive a specified percentage of the individual’s future income. (6) Qualified ISA The term Qualified ISA means an agreement between an individual and an ISA funder that— (A) is not a loan, but is an income-share agreement under which— (i) the ISA funder credits towards the tuition or other obligations of, or pays amounts to, or on behalf of, such individual for income-share funding; and (ii) such individual pays to such ISA funder (or the ISA funder’s successor in interest); and (B) meets the requirements of subsections (a) and (b) of section 102. (7) State The term State means the several States of the United States, the Commonwealth of Puerto Rico, the District of Columbia, Guam, American Samoa, the Virgin Islands, the government of the Northern Mariana Islands, and the Trust Territory of the Pacific Islands. (8) State law The term State law means— (A) any law, decision, rule, regulation, or other action having the effect of a law of any State or any political subdivision of a State, or any agency or instrumentality of a State or political subdivision of a State