Virgin Islands ABLE Savings Program Establishment

In accordance with the Federal ABLE Act, the Commissioner of the Virgin Islands Department of Finance shall establish the Virgin Islands ABLE Savings Program to provide for or facilitate individual savings accounts that empower individuals with a disability and their families to save private funds to support an individual with a disability. Notwithstanding any other provision of law, an ABLE savings program established by the Department must be always maintained in a manner that ensures the Program’s status as a qualified ABLE program.