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ADMINISTRATIVE CODE

TITLE 74: PUBLIC FINANCE
CHAPTER XVI: TREASURER
PART 722 ACHIEVING A BETTER LIFE EXPERIENCE (ABLE) ACCOUNT PROGRAM

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SUBPART A: INTRODUCTION AND PURPOSE OF PROGRAM

Section 722.100 Establishment of Program

Section 722.110 Purpose of Program

Section 722.120 Interstate Agreement or Compact

SUBPART B: DEFINITIONS

Section 722.200 Definition of Terms

SUBPART C: ADMINISTRATION

Section 722.300 Responsibilities of the Treasurer

Section 722.310 Investment Policy and Guidelines

Section 722.320 Account Administration/Administrator

Section 722.330 Recordkeeping and Recordkeeping Responsibilities

Section 722.340 Enrollment and Fees

Section 722.350 ABLE Administrative Fund

Section 722.360 Marketing and Promotion

Section 722.370 Contracting States (Repealed)

Section 722.380 Forms

SUBPART D: PARTICIPATION AND ENROLLMENT IN THE PROGRAM

Section 722.400 Eligibility

Section 722.410 Authority to Establish and Manage an ABLE Account

Section 722.420 Enrollment Application

Section 722.430 Signature Authority

SUBPART E: ACCOUNTS, INVESTMENTS AND STATEMENTS

Section 722.500 ABLE Accounts

Section 722.510 Allocation of Investment Earnings or Losses

Section 722.520 Limits on Investment and Directions

Section 722.530 Administrative Expenses

Section 722.540 Participant Statements

Section 722.550 Conversions and Rollovers

Section 722.560 Contributions

Section 722.570 Aggregate Account Balance Limits

SUBPART F: WITHDRAWALS OR DISTRIBUTIONS

Section 722.600 Qualified Withdrawals/Distributions

Section 722.610 Qualified Disability Expense

Section 722.630 Federal Reporting Requirements

SUBPART G: MISCELLANEOUS

Section 722.700 Death of a Designated Beneficiary

Section 722.710 Missing Persons/Abandonment

Section 722.720 Nonassignability

Section 722.730 Website

Section 722.740 Excess Contributions

Section 722.750 Change of Designated Beneficiary

SUBPART H: AMENDMENT OF RULES

Section 722.800 Amendment of Rules

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.