Title 46, Welfare

In this article, unless the context otherwise requires: 1. "ABLE" means the achieving a better life experience act. 2. "Account" means an individual account in the fund established as prescribed in this article for a single designated beneficiary. 3. "Committee" means the achievi…

The department shall: 1. Develop and implement the program in a manner consistent with this article through the adoption of rules, guidelines and procedures in consultation with the committee. 2. Retain professional services, if necessary, including accountants, auditors, consult…

A. The department shall implement the operation of the program through the use of one or more financial institutions to act as the depositories of the fund and managers of the program. Under the program, persons may submit applications for enrollment in the program and establish …

A. If an eligible individual is a minor or an incapacitated adult, the account may be opened and managed by any of the following as long as the individuals listed are not in conflict with 26 United States Code section 529A and any regulations issued pursuant to that section: 1. A…

A. The program shall require: 1. A designated beneficiary to have only one account. 2. A designated beneficiary to direct the investment of any contributions to the program or any earnings not more than two times in any calendar year. 3. Contributions to accounts to be made only …

A. This article does not: 1. Give any designated beneficiary any rights or legal interest in an account unless the designated beneficiary is the account owner. 2. Guarantee that an eligible individual will receive services from a department or agency of this state related to the …

A. The achieving a better life experience act oversight committee is established in the department consisting of the following members: 1. The director of the department or the director's designee. 2. The state treasurer or the state treasurer's designee. 3. One member who has kn…