Or. Admin. Code § 813-300-0110 - Account Holder and Beneficiary Responsibilities
(1) To be an account holder, eligible persons
must apply to a fiduciary organization authorized by the Department or its
designee and in a manner established by the fiduciary organization as approved
by the Department or its designee.
(2) Persons selected to be account holders
must execute an IDA with their fiduciary organization and, as necessary, with a
financial institution, in form and content satisfactory to the Department or
its designee before they may act as account holders.
(3) Account holders and beneficiaries at all
times must comply with applicable law, these rules, applicable orders and
directives of the Department or its designee and their fiduciary organization,
the provisions of their IDA, and their personal development plan.
(4) Account holders at all times must be
residents of the state of Oregon. When the account is opened, the applicant to
become an account holder must be a member of a lower income
household.
(5) Account holders,
upon request by the Department or its designee or their fiduciary organization,
and as otherwise required by the terms of their IDA, must provide evidence
satisfactory to the Department or its designee and to their fiduciary
organization that they and any beneficiaries qualify by residence, income, and
age (if applicable) to be account holders or beneficiaries.
(6) Account holders, upon request by the
Department or its designee or their fiduciary organization, and as otherwise
required by the terms of their IDA, must provide evidence satisfactory to the
Department or its designee and to their fiduciary organization that they and
any beneficiaries are complying with the terms of their IDA and its associated
personal development plan.
(7)
Account holders and their beneficiaries must cooperate fully with the
Department and its designee and their own fiduciary organization in any review
or audit of the IDA, of their personal development plan, or of their
eligibility.
Notes
Statutory/Other Authority: ORS 456.555, 456.625 & 458.700
Statutes/Other Implemented: ORS 315.271 & 458.670 - 458.700
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