Ill. Admin. Code tit. 74, pt. 722

Achieving a Better Life Experience (Able) Account Program

AUTHORITY: Implementing and authorized by Section 16.6 of the State Treasurer Act [15 ILCS 505]. SOURCE: Adopted at 41 Ill. Reg. 7133, effective June 7, 2017; amended at 42 Ill. Reg. 9578, effective May 23, 2018; amended at 45 Ill. Reg. 4133, effective March 12, 2021; amended at 46 Ill. Reg. 19242, effective November 20, 2022.TREASURER

722.100Establishment of Program 722.110Purpose of Program 722.120Interstate Agreement or Compact 722.200Definition of Terms 722.300Responsibilities of the Treasurer 722.310Investment Policy and Guidelines 722.320Account Administration/Administrator 722.330Recordkeeping and Recordkeeping Responsibilities 722.340Enrollment and Fees 722.350ABLE Administrative Fund 722.360Marketing and Promotion 722.370Contracting States (Repealed)722.380Forms 722.400Eligibility 722.410Authority to Establish and Manage an ABLE Account 722.420Enrollment Application 722.430Signature Authority 722.500ABLE Accounts 722.510Allocation of Investment Earnings or Losses 722.520Limits on Investment and Directions 722.530Administrative Expenses 722.540Participant Statements 722.550Conversions and Rollovers 722.560Contributions 722.570Aggregate Account Balance Limits 722.600Qualified Withdrawals/Distributions 722.610Qualified Disability Expense 722.630Federal Reporting Requirements 722.700Death of a Designated Beneficiary 722.710Missing Persons/Abandonment 722.720Nonassignability 722.730Website 722.740Excess Contributions 722.750Change of Designated Beneficiary 722.800Amendment of Rules