Title 30 — Title 30
0 chapters · 53 sections in this title.
O.C.G.A. § 30-9-1 Short title
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This chapter shall be known and may be cited as the ‘‘Georgia Achieving a Better Life Experience (ABLE) Act.’’ (Code 1981, § 30-9-1, enacted by Ga. L. 2016, p. 588, § 1/HB 768.) 30-9-2. Legislative intent.
O.C.G.A. § 30-9-10 Comprehensive investment plan
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(a) The board shall have authority to establish a comprehensive investment plan for the purposes of this chapter and to invest any funds of the trust fund through the state treasurer. The state treasurer shall invest the trust fund moneys pursuant to an investment policy adopted …
O.C.G.A. § 30-9-12 Annual reports
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(a) If the board creates the Georgia ABLE Program Trust Fund pursuant to Code Section 30-9-8, the board shall prepare or cause to be prepared an annual report setting forth in appropriate detail an accounting of the Georgia Able Trust Fund at the close of each fiscal year. Such r…
O.C.G.A. § 30-9-13 Provision of public information and outreach
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The Department of Community Health, the Department of Behavioral Health and Developmental Disabilities, the Department of Human Services, the Georgia Vocational Rehabilitation Agency, and the Department of Education shall assist, cooperate, and coordinate with the corporation in …
O.C.G.A. § 30-9-14 Death of designated beneficiary of ABLE Trust fund
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(a) Upon the death of a designated beneficiary of a Georgia ABLE Trust Fund account, the Department of Community Health and the 849 30-9-16 Medicaid program for another state may file a claim with the Georgia ABLE Program for the total amount of medical assistance provided for th…
O.C.G.A. § 30-9-15 Assignment of ABLE account prohibited
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An ABLE account may not be assigned for the benefit of creditors, used as security or collateral for any loan, or otherwise subject to alienation, sale, transfer, assignment, pledge, encumbrance, or charge. Except as provided in Code Section 30-9-14, moneys paid into or out of an…
O.C.G.A. § 30-9-2 Legislative intent
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(a) It is the intent of the legislature to authorize the establishment of a qualified ABLE program in this state to encourage and assist the saving of private funds in tax-exempt accounts in order to pay for the qualified disability expenses of eligible individuals with disabilit…
O.C.G.A. § 30-9-3 Definitions
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As used in this chapter, the term: (1) ‘‘ABLE account’’ means an account established and owned by an eligible individual pursuant to this chapter. (2) ‘‘Board’’ means the board of directors of the Georgia ABLE Program Corporation. (3) ‘‘Corporation’’ means the Georgia ABLE Progra…
O.C.G.A. § 30-9-7 Terms and conditions of participation agreements
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(a) Each participation agreement entered into pursuant to this chapter shall include the following terms and conditions: (1) The participation agreement shall not constitute a debt or obligation of the state; (2) Participation in the Georgia ABLE Program does not guarantee that s…
O.C.G.A. § 30-9-8 Short title
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Legislative intent. Definitions. Georgia ABLE Program Corporation created; board of directors and its membership; powers, duties, and administration. Georgia ABLE Program established for participants to make contributions to accounts for purpose of meeting qualified disability ex…