(1) As used in this part, unless the context otherwise requires:(1) “Account” means an account established by; owned by; and for the benefit of an eligible individual, who is also the designated beneficiary on the account, and maintained under a qualified ABLE program for payment of the eligible individual's qualified disability expenses, as provided in this part;(2) “Code” means § 529A of the Internal Revenue Code of 1986 (26 U.S.C. § 529A), as amended, and all rules, regulations, notices, and interpretations released by the United States treasury, including the internal revenue service;(3) “Contracting state” means a state without a qualified ABLE program that has entered into a contract with a state with a qualified ABLE program to provide residents of the contracting state access to a qualified ABLE program;(4) “Designated beneficiary” means the eligible individual who has established and owns an ABLE account, and for whose benefit the account has been established;(5) “Disability certification” has the same meaning as provided in the code;(6) “Eligible individual” has the same meaning as provided in the code. The eligible individual is the account owner and the designated beneficiary on the account;(7) “Legal representative” means an individual who or entity that can act on behalf of an eligible individual for the purpose of establishing, maintaining, transacting, and terminating an account, including, but not limited to, a parent, conservator, guardian, custodian, fiduciary, trustee, or individual or entity with a power of attorney;(8) “Person” means an individual, association, corporation, trust, charitable organization, or other such entity;(9) “Qualified ABLE program” or “program” means the ABLE program that is a qualified program pursuant to and in compliance with the code, and that is created pursuant to this part;(10) “Qualified disability expenses” means any expenses related to the eligible individual's blindness or disability that are made for the benefit of an eligible individual who is the designated beneficiary. Qualified disability expenses include the following: education; housing; transportation; employment training and support; assistive technology and personal support services; health; prevention and wellness; financial management and administrative services; legal fees; expenses for oversight and monitoring; funeral and burial expenses; and other expenses approved by federal rules and regulations; and(11) “State” means the state of Tennessee.
(1) “Account” means an account established by; owned by; and for the benefit of an eligible individual, who is also the designated beneficiary on the account, and maintained under a qualified ABLE program for payment of the eligible individual's qualified disability expenses, as provided in this part;
(2) “Code” means § 529A of the Internal Revenue Code of 1986 (26 U.S.C. § 529A), as amended, and all rules, regulations, notices, and interpretations released by the United States treasury, including the internal revenue service;
(3) “Contracting state” means a state without a qualified ABLE program that has entered into a contract with a state with a qualified ABLE program to provide residents of the contracting state access to a qualified ABLE program;
(4) “Designated beneficiary” means the eligible individual who has established and owns an ABLE account, and for whose benefit the account has been established;
(5) “Disability certification” has the same meaning as provided in the code;
(6) “Eligible individual” has the same meaning as provided in the code. The eligible individual is the account owner and the designated beneficiary on the account;
(7) “Legal representative” means an individual who or entity that can act on behalf of an eligible individual for the purpose of establishing, maintaining, transacting, and terminating an account, including, but not limited to, a parent, conservator, guardian, custodian, fiduciary, trustee, or individual or entity with a power of attorney;
(8) “Person” means an individual, association, corporation, trust, charitable organization, or other such entity;
(9) “Qualified ABLE program” or “program” means the ABLE program that is a qualified program pursuant to and in compliance with the code, and that is created pursuant to this part;
(10) “Qualified disability expenses” means any expenses related to the eligible individual's blindness or disability that are made for the benefit of an eligible individual who is the designated beneficiary. Qualified disability expenses include the following: education; housing; transportation; employment training and support; assistive technology and personal support services; health; prevention and wellness; financial management and administrative services; legal fees; expenses for oversight and monitoring; funeral and burial expenses; and other expenses approved by federal rules and regulations; and
(11) “State” means the state of Tennessee.