§ 30-9-14. Death of Designated Beneficiary of Able Trust Fund
Upon the death of a designated beneficiary of a Georgia ABLE Trust Fund account, the Department of Community Health and the Medicaid program for another state may file a claim with the Georgia ABLE Program for the total amount of medical assistance provided for the designated beneficiary under the Medicaid program after the date of […]
§ 30-9-15. Assignment of Able Account Prohibited
An ABLE account may not be assigned for the benefit of creditors, used as security or collateral for any loan, or otherwise subject to alienation, sale, transfer, assignment, pledge, encumbrance, or charge. Except as provided in Code Section 30-9-14, moneys paid into or out of an ABLE account, and the income and assets of such […]
§ 30-9-16. Records Not Open to Inspection by the General Public; Limited Access
The provisions of Article 4 of Chapter 18 of Title 50 notwithstanding, the following records, or portions thereof, shall not constitute public records and shall not be open to inspection by the general public: Completed participation applications, executed participation agreements, and ABLE account numbers; All wiring or automated clearing-house transfer of funds instructions regarding participation […]
§ 30-9-1. Short Title
This chapter shall be known and may be cited as the “Georgia Achieving a Better Life Experience (ABLE) Act.” History. Code 1981, § 30-9-1 , enacted by Ga. L. 2016, p. 588, § 1/HB 768.
§ 30-9-2. Legislative Intent
It is the intent of the legislature to authorize the establishment of a qualified ABLE program in this state to encourage and assist the saving of private funds in tax-exempt accounts in order to pay for the qualified disability expenses of eligible individuals with disabilities. It is also the intent of the legislature that any […]
§ 30-9-3. Definitions
As used in this chapter, the term: “ABLE account” means an account established and owned by an eligible individual pursuant to this chapter. “Board” means the board of directors of the Georgia ABLE Program Corporation. “Corporation” means the Georgia ABLE Program Corporation created pursuant to Code Section 30-9-4. “Designated beneficiary” means the eligible individual who […]