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RSA 195-K:2 · Achieving a Better Life Experience (ABLE) Savings Account Program

Title
XV: EDUCATION
Chapter
195-K · ACHIEVING A BETTER LIFE EXPERIENCE (ABLE) SAVINGS ACCOUNT PROGRAM
Status
current
Official source linked
Yes
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195-K:2 Achieving a Better Life Experience (ABLE) Savings Account Program. –

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I.

The state treasurer and the executive director shall establish and administer a qualified ABLE savings account program as authorized in the Achieving a Better Life Experience Act of 2014, and in accordance with the provisions of section 529A of the United States Internal Revenue Code of 1986, as amended, and may enter into such contracts as the state treasurer and the executive director deem necessary to achieve this purpose, subject to the approval of the governor and council.

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II.

The state treasurer and the executive director shall adopt rules relative to the administration, management, promotion, and marketing of the qualified ABLE program and ensure that the qualified ABLE program complies with section 529A of the Internal Revenue Code of 1986, as amended, and any related federal law applicable to the qualified ABLE program.

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III.

Any personnel and administrative costs related to plan administration within the state treasurer's office and the governor's commission on disability shall be funded from the savings plan. Source. 2016, 9:1, eff. Mar. 16, 2016. 2024, 83:1, eff. June 14, 2024.

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Source note

Source. 2016, 9:1, eff. Mar. 16, 2016. 2024, 83:1, eff. June 14, 2024.

Source history

  • 2016, 9:1, eff. Mar. 16, 2016
  • 2024, 83:1, eff. June 14, 2024

Related materials

Bill relationships

  • 2026 HB661 add · effective 2027-07-01

    any of the following: (1) A special needs trust. (2) A pooled special needs trust. (3) An Achieving a Better Life Experience (ABLE) savings account, established pursuant to RSA 195-K and section 529A of the Internal Revenue Code. (4) Any other trust account determined not to interfere with social security or asset limitations for any other benefit program. (e) The department shall provide an ann

  • 2026 HB661-FN add · effective 2027-07-01

    any of the following: (1) A special needs trust. (2) A pooled special needs trust. (3) An Achieving a Better Life Experience (ABLE) savings account, established pursuant to RSA 195-K and section 529A of the Internal Revenue Code. (4) Any other trust account determined not to interfere with social security or asset limitations for any other benefit program. (e) The department shall provide an ann