1. (1) As used in this section, "STABLE Kentucky account" has the same meaning as in KRS 164A.260.
2. (3)

3. (2) The Department of the Treasury shall be responsible for administering in accordance with this section and KRS 164A.260 and promoting STABLE Kentucky accounts. In order to ensure that the program is administered in a cost-effective manner, the Department of the Treasury may enter into any cooperative agreements, contracts, or similar instruments with:

   1. (a) Other states which administer programs created under 26 U.S.C. sec. 529A;
   2. (b) Other agencies or departments of the Commonwealth; or
   3. (c) A nonprofit organization tasked with providing services to individuals who are eligible for a STABLE Kentucky account.

Effective: June 29, 2023

History: Amended 2023 Ky. Acts ch. 157, sec. 1, effective June 29, 2023. -- Created 2019 Ky. Acts ch. 125, sec. 2, effective June 27, 2019.