Rep. Kelly M. Burke

Filed: 3/3/2023

 

 


 

 


 
10300HB3811ham001LRB103 31048 DTM 58281 a

1
AMENDMENT TO HOUSE BILL 3811

2    AMENDMENT NO. ______. Amend House Bill 3811 by replacing
3everything after the enacting clause with the following:
 
4    "Section 5. The State Treasurer Act is amended by changing
5Sections 16.5 and 16.6 as follows:
 
6    (15 ILCS 505/16.5)
7    Sec. 16.5. College Savings Pool.
8    (a) Definitions. As used in this Section:
9    "Account owner" means any person or entity who has opened
10an account or to whom ownership of an account has been
11transferred, as allowed by the Internal Revenue Code, and who
12has authority to withdraw funds, direct withdrawal of funds,
13change the designated beneficiary, or otherwise exercise
14control over an account in the College Savings Pool.
15    "Donor" means any person or entity who makes contributions
16to an account in the College Savings Pool.

 

 

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1    "Designated beneficiary" means any individual designated
2as the beneficiary of an account in the College Savings Pool by
3an account owner. A designated beneficiary must have a valid
4social security number or taxpayer identification number. In
5the case of an account established as part of a scholarship
6program permitted under Section 529 of the Internal Revenue
7Code, the designated beneficiary is any individual receiving
8benefits accumulated in the account as a scholarship.
9    "Eligible educational institution" means public and
10private colleges, junior colleges, graduate schools, and
11certain vocational institutions that are described in Section
121001 of the Higher Education Resource and Student Assistance
13Chapter of Title 20 of the United States Code (20 U.S.C. 1001)
14and that are eligible to participate in Department of
15Education student aid programs.
16    "Member of the family" has the same meaning ascribed to
17that term under Section 529 of the Internal Revenue Code.
18    "Nonqualified withdrawal" means a distribution from an
19account other than a distribution that (i) is used for the
20qualified expenses of the designated beneficiary; (ii) results
21from the beneficiary's death or disability; (iii) is a
22rollover to another account in the College Savings Pool; or
23(iv) is a rollover to an ABLE account, as defined in Section
2416.6 of this Act, or any distribution that, within 60 days
25after such distribution, is transferred to an ABLE account of
26the designated beneficiary or a member of the family of the

 

 

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1designated beneficiary to the extent that the distribution,
2when added to all other contributions made to the ABLE account
3for the taxable year, does not exceed the limitation under
4Section 529A(b) of the Internal Revenue Code; or (v) is a
5rollover to a Roth IRA account to the extent permitted by
6Section 529 of the Internal Revenue Code.
7    "Qualified expenses" means: (i) tuition, fees, and the
8costs of books, supplies, and equipment required for
9enrollment or attendance at an eligible educational
10institution; (ii) expenses for special needs services, in the
11case of a special needs beneficiary, which are incurred in
12connection with such enrollment or attendance; (iii) certain
13expenses, to the extent they qualify as qualified higher
14education expenses under Section 529 of the Internal Revenue
15Code, for the purchase of computer or peripheral equipment or
16Internet access and related services, if such equipment,
17software, or services are to be used primarily by the
18beneficiary during any of the years the beneficiary is
19enrolled at an eligible educational institution, except that,
20such expenses shall not include expenses for computer software
21designed for sports, games, or hobbies, unless the software is
22predominantly educational in nature; (iv) room and board
23expenses incurred while attending an eligible educational
24institution at least half-time; (v) expenses for fees, books,
25supplies, and equipment required for the participation of a
26designated beneficiary in an apprenticeship program registered

 

 

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1and certified with the Secretary of Labor under the National
2Apprenticeship Act (29 U.S.C. 50); and (vi) amounts paid as
3principal or interest on any qualified education loan of the
4designated beneficiary or a sibling of the designated
5beneficiary, as allowed under Section 529 of the Internal
6Revenue Code. A student shall be considered to be enrolled at
7least half-time if the student is enrolled for at least half
8the full-time academic workload for the course of study the
9student is pursuing as determined under the standards of the
10institution at which the student is enrolled.
11    (b) Establishment of the Pool. The State Treasurer may
12establish and administer the College Savings Pool as a
13qualified tuition program under Section 529 of the Internal
14Revenue Code. The Pool may consist of one or more college
15savings programs. The State Treasurer, in administering the
16College Savings Pool, may: (1) receive, hold, and invest
17moneys paid into the Pool; and (2) perform any other action he
18or she deems necessary to administer the Pool, including any
19other actions necessary to ensure that the Pool operates as a
20qualified tuition program in accordance with Section 529 of
21the Internal Revenue Code.
22    (c) Administration of the College Savings Pool. The State
23Treasurer may delegate duties related to the College Savings
24Pool to one or more contractors. The contributions deposited
25in the Pool, and any earnings thereon, shall not constitute
26property of the State or be commingled with State funds and the

 

 

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1State shall have no claim to or against, or interest in, such
2funds; provided that the fees collected by the State Treasurer
3in accordance with this Act, scholarship programs administered
4by the State Treasurer, and seed funds deposited by the State
5Treasurer under Section 16.8 of the Act are State funds.
6    (c-5) College Savings Pool Account Summaries. The State
7Treasurer shall provide a separate accounting for each
8designated beneficiary. The separate accounting shall be
9provided to the account owner of the account for the
10designated beneficiary at least annually and shall show the
11account balance, the investment in the account, the investment
12earnings, and the distributions from the account.
13    (d) Availability of the College Savings Pool. The State
14Treasurer may permit persons, including trustees of trusts and
15custodians under a Uniform Transfers to Minors Act or Uniform
16Gifts to Minors Act account, and certain legal entities to be
17account owners, including as part of a scholarship program,
18provided that: (1) an individual, trustee or custodian must
19have a valid social security number or taxpayer identification
20number, be at least 18 years of age, and have a valid United
21States street address; and (2) a legal entity must have a valid
22taxpayer identification number and a valid United States
23street address. In-state and out-of-state persons, trustees,
24custodians, and legal entities may be account owners and
25donors, and both in-state and out-of-state individuals may be
26designated beneficiaries in the College Savings Pool.

 

 

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1    (e) Fees. Any fees, costs, and expenses, including
2investment fees and expenses and payments to third parties,
3related to the College Savings Pool, shall be paid from the
4assets of the College Savings Pool. The State Treasurer shall
5establish fees to be imposed on accounts to cover such fees,
6costs, and expenses, to the extent not paid directly out of the
7investments of the College Savings Pool, and to maintain an
8adequate reserve fund in line with industry standards for
9government operated funds. The Treasurer must use his or her
10best efforts to keep these fees as low as possible and
11consistent with administration of high quality competitive
12college savings programs.
13    (f) Investments in the State. To enhance the safety and
14liquidity of the College Savings Pool, to ensure the
15diversification of the investment portfolio of the College
16Savings Pool, and in an effort to keep investment dollars in
17the State of Illinois, the State Treasurer may make a
18percentage of each account available for investment in
19participating financial institutions doing business in the
20State.
21    (g) Investment policy. The Treasurer shall develop,
22publish, and implement an investment policy covering the
23investment of the moneys in each of the programs in the College
24Savings Pool. The policy shall be published each year as part
25of the audit of the College Savings Pool by the Auditor
26General, which shall be distributed to all account owners in

 

 

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1such program. The Treasurer shall notify all account owners in
2such program in writing, and the Treasurer shall publish in a
3newspaper of general circulation in both Chicago and
4Springfield, any changes to the previously published
5investment policy at least 30 calendar days before
6implementing the policy. Any investment policy adopted by the
7Treasurer shall be reviewed and updated if necessary within 90
8days following the date that the State Treasurer takes office.
9    (h) Investment restrictions. An account owner may,
10directly or indirectly, direct the investment of his or her
11account only as provided in Section 529(b)(4) of the Internal
12Revenue Code. Donors and designated beneficiaries, in those
13capacities, may not, directly or indirectly, direct the
14investment of an account.
15    (i) Distributions. Distributions from an account in the
16College Savings Pool may be used for the designated
17beneficiary's qualified expenses, and if not used in that
18manner, may be considered a nonqualified withdrawal. Funds
19contained in a College Savings Pool account may be rolled over
20into:
21        (1) an eligible ABLE account, as defined in Section
22    16.6 of this Act to the extent permitted by Section 529 of
23    the Internal Revenue Code; , or
24        (2) another qualified tuition program, to the extent
25    permitted by Section 529 of the Internal Revenue Code; or
26        (3) a Roth IRA account, to the extent permitted by

 

 

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1    Section 529 of the Internal Revenue Code.
2    Distributions made from the College Savings Pool may be
3made directly to the eligible educational institution,
4directly to a vendor, in the form of a check payable to both
5the designated beneficiary and the institution or vendor,
6directly to the designated beneficiary or account owner, or in
7any other manner that is permissible under Section 529 of the
8Internal Revenue Code.
9    (j) Contributions. Contributions to the College Savings
10Pool shall be as follows:
11        (1) Contributions to an account in the College Savings
12    Pool may be made only in cash.
13        (2) The Treasurer shall limit the contributions that
14    may be made to the College Savings Pool on behalf of a
15    designated beneficiary, as required under Section 529 of
16    the Internal Revenue Code, to prevent contributions for
17    the benefit of a designated beneficiary in excess of those
18    necessary to provide for the qualified expenses of the
19    designated beneficiary. The Pool shall not permit any
20    additional contributions to an account as soon as the sum
21    of (i) the aggregate balance in all accounts in the Pool
22    for the designated beneficiary and (ii) the aggregate
23    contributions in the Illinois Prepaid Tuition Program for
24    the designated beneficiary reaches the specified balance
25    limit established from time to time by the Treasurer.
26    (k) Illinois Student Assistance Commission. The Treasurer

 

 

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1and the Illinois Student Assistance Commission shall each
2cooperate in providing each other with account information, as
3necessary, to prevent contributions in excess of those
4necessary to provide for the qualified expenses of the
5designated beneficiary, as described in subsection (j).
6    The Treasurer shall work with the Illinois Student
7Assistance Commission to coordinate the marketing of the
8College Savings Pool and the Illinois Prepaid Tuition Program
9when considered beneficial by the Treasurer and the Director
10of the Illinois Student Assistance Commission.
11    (l) Prohibition; exemption. No interest in the program, or
12any portion thereof, may be used as security for a loan. Moneys
13held in an account invested in the College Savings Pool shall
14be exempt from all claims of the creditors of the account
15owner, donor, or designated beneficiary of that account,
16except for the non-exempt College Savings Pool transfers to or
17from the account as defined under subsection (j) of Section
1812-1001 of the Code of Civil Procedure.
19    (m) Taxation. The assets of the College Savings Pool and
20its income and operation shall be exempt from all taxation by
21the State of Illinois and any of its subdivisions. The accrued
22earnings on investments in the Pool once disbursed on behalf
23of a designated beneficiary shall be similarly exempt from all
24taxation by the State of Illinois and its subdivisions, so
25long as they are used for qualified expenses. Contributions to
26a College Savings Pool account during the taxable year may be

 

 

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1deducted from adjusted gross income as provided in Section 203
2of the Illinois Income Tax Act. The provisions of this
3paragraph are exempt from Section 250 of the Illinois Income
4Tax Act.
5    (n) Rules. The Treasurer shall adopt rules he or she
6considers necessary for the efficient administration of the
7College Savings Pool. The rules shall provide whatever
8additional parameters and restrictions are necessary to ensure
9that the College Savings Pool meets all the requirements for a
10qualified tuition program under Section 529 of the Internal
11Revenue Code.
12    Notice of any proposed amendments to the rules and
13regulations shall be provided to all account owners prior to
14adoption.
15    (o) Bond. The State Treasurer shall give bond with at
16least one surety, payable to and for the benefit of the account
17owners in the College Savings Pool, in the penal sum of
18$10,000,000, conditioned upon the faithful discharge of his or
19her duties in relation to the College Savings Pool.
20    (p) The changes made to subsections (c) and (e) of this
21Section by Public Act 101-26 are intended to be a restatement
22and clarification of existing law.
23(Source: P.A. 101-26, eff. 6-21-19; 101-81, eff. 7-12-19;
24102-186, eff. 7-30-21.)
 
25    (15 ILCS 505/16.6)

 

 

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1    Sec. 16.6. ABLE account program.
2    (a) As used in this Section:
3    "ABLE account" or "account" means an account established
4for the purpose of financing certain qualified expenses of
5eligible individuals as specifically provided for in this
6Section and authorized by Section 529A of the Internal Revenue
7Code.
8    "ABLE account plan" or "plan" means the savings account
9plan provided for in this Section.
10    "Account administrator" means the person or entity
11selected by the State Treasurer to administer the daily
12operations of the ABLE account plan and provide marketing,
13recordkeeping, investment management, and other services for
14the plan.
15    "Aggregate account balance" means the amount in an account
16on a particular date or the fair market value of an account on
17a particular date.
18    "Beneficiary" or "designated beneficiary" means the ABLE
19account owner.
20    "Contracting state" means a state without a qualified ABLE
21program which has entered into a contract with Illinois to
22provide residents of the contracting state access to a
23qualified ABLE program.
24    "Designated representative" means a person or entity who
25is authorized to act on behalf of a "designated beneficiary".
26A designated beneficiary is authorized to act on his or her own

 

 

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1behalf unless the designated beneficiary is a minor or the
2designated beneficiary has been adjudicated to have a
3disability so that a guardian has been appointed. A designated
4representative acts in a fiduciary capacity to the designated
5beneficiary. A person or entity seeking to open an ABLE
6account on behalf of a designated beneficiary must provide
7certification, subject to penalties of perjury, of the basis
8for the person's or entity's authority to act as a designated
9representative and that there is no other person or entity
10with higher priority to establish the ABLE account under
11Section 529A of the Internal Revenue Code and federal
12regulations.
13    "Disability certification" has the meaning given to that
14term under Section 529A of the Internal Revenue Code.
15    "Eligible individual" has the meaning given to that term
16under Section 529A of the Internal Revenue Code.
17    "Internal Revenue Code" means the federal Internal Revenue
18Code.
19    "Participation agreement" means an agreement to
20participate in the ABLE account plan between a designated
21beneficiary and the State, through its agencies and the State
22Treasurer.
23    "Qualified disability expenses" has the meaning given to
24that term under Section 529A of the Internal Revenue Code.
25    "Qualified withdrawal" or "qualified distribution" means a
26withdrawal from an ABLE account to pay the qualified

 

 

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1disability expenses of the beneficiary of the account.
2    (b) Establishment of the ABLE Program. The "Achieving a
3Better Life Experience" or "ABLE" account program is hereby
4created and shall be administered by the State Treasurer. The
5purpose of the ABLE program is to encourage and assist
6individuals and families in saving private funds for the
7purpose of supporting individuals with disabilities to
8maintain health, independence, and quality of life, and to
9provide secure funding for disability-related expenses on
10behalf of designated beneficiaries with disabilities that will
11supplement, but not supplant, benefits provided through
12private insurance, federal and State medical and disability
13insurance, the beneficiary's employment, and other sources.
14Under the plan, a person or entity may make contributions to an
15ABLE account to meet the qualified disability expenses of the
16designated beneficiary of the account. The plan must be
17operated as an accounts-type plan that permits saving persons
18to save for qualified disability expenses incurred by or on
19behalf of an eligible individual.
20    (c) Promotion of the ABLE Program. The State Treasurer
21shall promote awareness of the availability and advantages of
22the ABLE account plan as a way to assist individuals and
23families in saving private funds for the purpose of supporting
24individuals with disabilities.
25    (d) Availability of the ABLE Program. An ABLE account may
26be established under this Section for a designated beneficiary

 

 

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1who is a resident of Illinois, a resident of a contracting
2state, or a resident of any other state.
3    Annual contributions to an ABLE account on behalf of a
4beneficiary are subject to the requirements of subsection (b)
5of Section 529A of the Internal Revenue Code. No person or
6entity may make a contribution to an ABLE account if such a
7contribution would result in the aggregate account balance of
8an ABLE account exceeding the account balance limit authorized
9under Section 529A of the Internal Revenue Code. The Treasurer
10shall review the contribution limit at least annually. A
11separate account must be maintained for each beneficiary for
12whom contributions are made, and no more than one account
13shall be established per beneficiary. If an ABLE account is
14established for a designated beneficiary, no account
15subsequently established for such beneficiary shall be treated
16as an ABLE account. The preceding sentence shall not apply in
17the case of an ABLE account established for purposes of a
18rollover as permitted under Sections 529 and 529A of the
19Internal Revenue Code.
20    (e) Administration of the ABLE Program. The State
21Treasurer shall administer the plan, including accepting and
22processing applications, maintaining account records, making
23payments, and undertaking any other necessary tasks to
24administer the plan, including the appointment of an account
25administrator. The State Treasurer may contract with one or
26more third parties to carry out some or all of these

 

 

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1administrative duties, including, but not limited to,
2providing investment management services, incentives, and
3marketing the plan. The State Treasurer may enter into
4agreements with other states to either allow Illinois
5residents to participate in a plan operated by another state
6or to allow residents of other states to participate in the
7Illinois ABLE plan. The State Treasurer may require any
8certifications that he or she deems necessary to implement the
9program, including oaths or affirmations made under penalties
10of perjury.
11    (f) Fees. The State Treasurer may establish fees to be
12imposed on participants to cover the costs of administration,
13recordkeeping, and investment management. The State Treasurer
14must use his or her best efforts to keep these fees as low as
15possible, consistent with efficient administration.
16    (g) The Illinois ABLE Accounts Administrative Fund. The
17Illinois ABLE Accounts Administrative Fund is created as a
18nonappropriated trust fund in the State treasury. The State
19Treasurer shall use moneys in the Administrative Fund to cover
20administrative expenses incurred under this Section. The
21Administrative Fund may receive any grants or other moneys
22designated for administrative purposes from the State, or any
23unit of federal, state, or local government, or any other
24person, firm, partnership, or corporation. Any interest
25earnings that are attributable to moneys in the Administrative
26Fund must be deposited into the Administrative Fund. Any fees

 

 

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1established by the State Treasurer to cover the costs of
2administration, recordkeeping, and investment management shall
3be deposited into the Administrative Fund.
4    Subject to appropriation, the State Treasurer may pay
5administrative costs associated with the creation and
6management of the plan until sufficient assets are available
7in the Administrative Fund for that purpose.
8    (h) Privacy. Applications for accounts and other records
9obtained or compiled by the Treasurer or the Treasurer's
10agents reflecting , designated beneficiary information data,
11account information data, or designated representative
12information and data on beneficiaries of accounts are
13confidential and exempt from disclosure under the Freedom of
14Information Act.
15    (i) Investment Policy. The Treasurer shall prepare and
16adopt a written statement of investment policy that includes a
17risk management and oversight program which shall be reviewed
18annually and posted on the Treasurer's website prior to
19implementation. The risk management and oversight program
20shall be designed to ensure that an effective risk management
21system is in place to monitor the risk levels of the ABLE plan,
22to ensure that the risks taken are prudent and properly
23managed, to provide an integrated process for overall risk
24management, and to assess investment returns as well as risk
25to determine if the risks taken are adequately compensated
26compared to applicable performance benchmarks and standards.

 

 

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1To enhance the safety and liquidity of ABLE accounts, to
2ensure the diversification of the investment portfolio of
3accounts, and in an effort to keep investment dollars in the
4State, the State Treasurer may make a percentage of each
5account available for investment in participating financial
6institutions doing business in the State, except that the
7accounts may be invested without limit in investment options
8from open-ended investment companies registered under Section
980a of the federal Investment Company Act of 1940. The State
10Treasurer may contract with one or more third parties for
11investment management, recordkeeping, or other services in
12connection with investing the accounts.
13    (j) Investment restrictions. The State Treasurer shall
14ensure that the plan meets the requirements for an ABLE
15account under Section 529A of the Internal Revenue Code. The
16State Treasurer may request a private letter ruling or rulings
17from the Internal Revenue Service and must take any necessary
18steps to ensure that the plan qualifies under relevant
19provisions of federal law. Notwithstanding the foregoing, any
20determination by the Secretary of the Treasury of the United
21States that an account was utilized to make non-qualified
22distributions shall not result in an ABLE account being
23disregarded as a resource.
24    (k) Contributions. A person or entity may make
25contributions to an ABLE account on behalf of a beneficiary.
26Contributions to an account made by persons or entities other

 

 

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1than the designated beneficiary become the property of the
2designated beneficiary. Contributions to an account shall be
3considered as a transfer of assets for fair market value. A
4person or entity does not acquire an interest in an ABLE
5account by making contributions to an account. A contribution
6to any account for a beneficiary must be rejected if the
7contribution would cause either the aggregate or annual
8account balance of the account to exceed the limits imposed by
9Section 529A of the Internal Revenue Code.
10    Any change in designated beneficiary must be done in a
11manner consistent with Section 529A of the Internal Revenue
12Code.
13    (l) Notice. Notice of any proposed amendments to the rules
14and regulations shall be provided to all designated
15beneficiaries or their designated representatives prior to
16adoption. Amendments to rules and regulations shall apply only
17to contributions made after the adoption of the amendment.
18Amendments to this Section automatically amend the
19participation agreement. Any amendments to the operating
20procedures and policies of the plan shall automatically amend
21the participation agreement after adoption by the State
22Treasurer.
23    (m) Plan assets. All assets of the plan, including any
24contributions to accounts, are held in trust for the exclusive
25benefit of the designated beneficiary and shall be considered
26spendthrift accounts exempt from all of the designated

 

 

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1beneficiary's creditors. The plan shall provide separate
2accounting for each designated beneficiary sufficient to
3satisfy the requirements of paragraph (3) of subsection (b) of
4Section 529A of the Internal Revenue Code. Assets must be held
5in either a state trust fund outside the State treasury, to be
6known as the Illinois ABLE plan trust fund, or in accounts with
7a third-party provider selected pursuant to this Section.
8Amounts contributed to ABLE accounts shall not be commingled
9with State funds and the State shall have no claim to or
10against, or interest in, such funds.
11    Plan assets are not subject to claims by creditors of the
12State and are not subject to appropriation by the State.
13Payments from the Illinois ABLE account plan shall be made
14under this Section.
15    The assets of ABLE accounts and their income may not be
16used as security for a loan.
17    (n) Taxation. The assets of ABLE accounts and their income
18and operation shall be exempt from all taxation by the State of
19Illinois and any of its subdivisions to the extent exempt from
20federal income taxation. The accrued earnings on investments
21in an ABLE account once disbursed on behalf of a designated
22beneficiary shall be similarly exempt from all taxation by the
23State of Illinois and its subdivisions to the extent exempt
24from federal income taxation, so long as they are used for
25qualified expenses.
26    Notwithstanding any other provision of law that requires

 

 

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1consideration of one or more financial circumstances of an
2individual, for the purpose of determining eligibility to
3receive, or the amount of, any assistance or benefit
4authorized by such provision to be provided to or for the
5benefit of such individual, any amount, including earnings
6thereon, in the ABLE account of such individual, any
7contributions to the ABLE account of the individual, and any
8distribution for qualified disability expenses shall be
9disregarded for such purpose with respect to any period during
10which such individual maintains, makes contributions to, or
11receives distributions from such ABLE account.
12    (o) Distributions. The designated beneficiary or the
13designated representative of the designated beneficiary may
14make a qualified distribution for the benefit of the
15designated beneficiary. Qualified distributions shall be made
16for qualified disability expenses allowed pursuant to Section
17529A of the Internal Revenue Code. Qualified distributions
18must be withdrawn proportionally from contributions and
19earnings in a designated beneficiary's account on the date of
20distribution as provided in Section 529A of the Internal
21Revenue Code. Unless prohibited by federal law, upon the death
22of a designated beneficiary, proceeds from an account may be
23transferred to the estate of a designated beneficiary, or to
24an account for another eligible individual specified by the
25designated beneficiary or the estate of the designated
26beneficiary, or transferred pursuant to a payable on death

 

 

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1account agreement. A payable on death account agreement may be
2executed by the designated beneficiary or a designated
3representative who has been granted such power. Upon the death
4of a designated beneficiary, prior to distribution of the
5balance to the estate, account for another eligible
6individual, or transfer pursuant to a payable on death account
7agreement, the State Treasurer may require verification that
8the funeral and burial expenses of the designated beneficiary
9have been paid. An agency or instrumentality of the State may
10not seek payment under subsection (f) of Section 529A of the
11federal Internal Revenue Code from the account or its proceeds
12for benefits provided to a designated beneficiary.
13    (p) Rules. The State Treasurer may adopt rules to carry
14out the purposes of this Section. The State Treasurer shall
15further have the power to issue peremptory rules necessary to
16ensure that ABLE accounts meet all of the requirements for a
17qualified state ABLE program under Section 529A of the
18Internal Revenue Code and any regulations issued by the
19Internal Revenue Service.
20    (q) Name. The ABLE Account Program may also be referred to
21as the Senator Scott Bennett ABLE Program.
22(Source: P.A. 101-329, eff. 8-9-19; 102-392, eff. 8-16-21;
23102-1024, eff. 5-27-22.)
 
24    Section 99. Effective date. This Act takes effect upon
25becoming law.".