1. 1. Subject to federal law, the Program shall permit a program-to-program transfer through which a Designated Beneficiary transfers the entire amount of an

   Account from the AZ ABLE Program to or from a different state's ABLE

   program, or for the transfer of an Account from a Designated Beneficiary to another Eligible Individual who is a member of the family of the former Designated Beneficiary, without any intervening distribution.

2. 2. Subject to federal law, the Program shall permit rollovers through which a

   contribution to an Account of a Designated Beneficiary (or an Eligible Individual who is a member of the family of the Designated Beneficiary) of all or a portion of the amount withdrawn from the Designated Beneficiary’s Account, provided the contribution is made within 60 days of the date of the withdrawal, and, in the case of a rollover to the Designated Beneficiary’s Account, no rollover has been made to another account established under an ABLE program within the prior 12 months.

Historical Note

New Section made by final rulemaking at 25 A.A.R. 885, effective May 20, 2019 (Supp. 19-1).