1 Tex. Admin. Code § 358.357 - Achieving a Better Life Experience Program
(a) The following words and terms, when used
in this section, have the following meanings, unless the context clearly
indicates otherwise:
(1) Achieving a Better
Life Experience (ABLE) program--
(A) the ABLE
program authorized under Chapter 54, Subchapter J, of the Texas Education Code;
or
(B) an ABLE program of any
state that meets the requirements of §
529A of the Internal Revenue Code of 1986.
(2) ABLE account--an
account established under an ABLE program.
(3) Designated beneficiary--an individual who
is named as the beneficiary of an ABLE account established under an ABLE
program.
(b) The Texas
Health and Human Services Commission excludes from the calculation of countable
resources funds used to establish an ABLE account and funds held in an ABLE
account.
Notes
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