- 1. “ABLE” means the Achieving a Better Life Experience Act.
2. “Account” means an individual account in the fund established as prescribed for
a single designated beneficiary.
3. “Aggregate Account Balance” means the total amount in an account on a
particular date.
4. “Applicant” means any individual who applies to open an Account in the
Program.
- 5. “Cash” means personal check, cashier’s check, money order, debit card, Automated Clearing House (ACH) payments, or a similar cash equivalent.
6. “Code” means the federal Internal Revenue Code of 1986, as amended (26 U.S.C.
529A).
- 7. “Committee” means the same as in A.R.S. § 46-901(3).
- 8. “Department” means the Arizona Department of Economic Security.
- 9. “Designated Beneficiary” means the same as in A.R.S. § 46-901(5).
- 10. “Designated Representative” means a person who is authorized to act on behalf of a Designated Beneficiary.
11. “Disability Certification” means the certification described in Section 529A of the
Code.
- 12. “Eligible Individual” means the same as in A.R.S. § 46-901(6).
- 13. “IRS” means the federal Internal Revenue Service.
- 14. “Program” means the same as in A.R.S. § 46-901(9).
- 15. “Program Manager” means the entity selected by the Department for the Program in accordance with A.R.S. § 46-903(C)(1)-(8).
- 16. “Qualified Disability Expenses” means the same as in A.R.S. § 46-901(10).
17. “Qualified Withdrawal” or “Qualified Distribution” means a withdrawal from an
Account to pay Qualified Disability Expenses of the Designated Beneficiary.
- 18. “Secretary” means the United States Secretary of the Treasury or his/her delegate.
- 19. “SSA” means the Social Security Administration.
The following definitions apply to this Article:
Historical Note
New Section made by final rulemaking at 25 A.A.R. 885, effective May 20, 2019 (Supp. 19-1).