RSA 195-K:1 · Definitions

195-K:1 Definitions. –
In this chapter:
I. "Achieving a Better Life Experience Act of 2014" means the federal Achieving a Better Life Experience (ABLE) Act of 2014 which allows individuals with disabilities to establish tax-free 529A savings accounts to save for medical, housing, transportation, employment training, education, and other quality of life expenses.
II. "Executive director" means the executive director of the governor's commission on disability established in RSA 275-C.
III. "Individuals with disabilities" means individuals who are eligible for the program because their disabilities occurred on or before the individual attained age 26, as required by 26 U.S.C. section 529A(e)(1)-(2) of the federal Achieving a Better Life Experience Act of 2014.
IV. "Savings plan" means any plan administered as the New Hampshire ABLE savings account program.
Source. 2016, 9:1, eff. Mar. 16, 2016.