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IC 12-11-14 – Achieving a Better Life Experience (ABLE) Program | Midpage
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Indiana Code
Title 12
11
Chapter 14
IC 12-11-14
Achieving a Better Life Experience (ABLE) Program
1
"ABLE account"
2
"Authority"
3
"Board"
4
"Contracting state"
5
"Designated beneficiary"
6
"Eligible individual"
7
"Qualified ABLE program"
8
"Qualified disability expense"
9
Creation of ABLE authority; body corporate and politic; authority to establish qualified ABLE program; tax exemption; contracting; public agency
10
Establishment of ABLE board; members; appointments; chairperson; reimbursement; quorum
10.5
Treasurer of state administers, manages, and directs the affairs of the board
11
Board duties and powers
12
Authority duties; annual report
13
Accepting of gifts and property by authority
14
Designated person maintaining records of authority proceedings; custodian
15
Surety bond
16
Not a conflict of interest to serve on authority; disclosure of conflicts by member
17
Funds
18
Investment policies
19
Investment policies by board
20
Preserving, investing, and expenditures of trust fund and property; trust
21
Management of assets in trust fund
22
Expenses of authority; exhausting of funds
23
Audit; transmission of audit
24
Taxation exemption; property of account owner; funds in ABLE account