§ 17:3081 This Chapter shall be known and may be cited as the “Achieving a Better Life Experience in Louisiana Act” or the “Louisiana ABLE Act”.
§ 17:3082 As used in this Chapter, the following terms have the following meanings:
§ 17:3083 A. The ABLE account program is hereby created and shall be administered by the authority to encourage and assist individuals and families in saving private funds for the purpose of s
§ 17:3084 A. The authority shall, by adoption of rules pursuant to the Administrative Procedure Act and in consultation with the advisory council, provide for the following functions, policies
§ 17:3085 In addition to any other powers conferred by this Chapter, the authority may do any of the following:
§ 17:3086 The state treasurer shall invest monies deposited in the ABLE accounts in the same manner as prescribed by R.S. 17:3091 et seq. for the investment of monies deposited in START Progra
§ 17:3087 In accordance with Section 103 of Title I of Division B of Public Law 113-295, for the purpose of determining eligibility to receive, or the amount of, any assistance or benefit auth
§ 17:3088 For tax years beginning on and after January 1, 2016, amounts deposited in an ABLE account on behalf of any designated beneficiary may be excluded from tax table income for purposes
§ 17:3088.1 A. Notwithstanding any other provision of law to the contrary, when a designated beneficiary dies, the program account established on his behalf shall be terminated. Monies remaining
§ 17:3089 A. There is hereby created the ABLE Account Advisory Council, which shall advise and consult with the authority relative to the authority’s administration of and adoption of rules pe
§ 17:3090 A. There shall be established as a special fund in the state treasury the Achieving a Better Life Experience in Louisiana Fund, hereinafter referred to as the “ABLE Fund”. The assets

Terms Used In Louisiana Revised Statutes > Title 17 > Chapter 22 - Able Account Program for Disability- Related Expenses

  • ABLE account: means a special savings account for financing of certain qualified expenses of persons with disabilities as specifically provided for in this Chapter that conforms with all applicable standards and requirements set forth for ABLE accounts in the ABLE Act. See Louisiana Revised Statutes 17:3082
  • ABLE Act: means the Stephen Beck, Jr. See Louisiana Revised Statutes 17:3082
  • Advisory Council: means the ABLE Account Advisory Council. See Louisiana Revised Statutes 17:3082
  • Appellate: About appeals; an appellate court has the power to review the judgement of another lower court or tribunal.
  • Authority: means the Louisiana Tuition Trust Authority. See Louisiana Revised Statutes 17:3082
  • Designated beneficiary: has the meaning ascribed in 26 U. See Louisiana Revised Statutes 17:3082
  • Eligible individual: means a person with a disability who meets the criteria necessary to qualify as an eligible individual as provided in 26 U. See Louisiana Revised Statutes 17:3082
  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • Oversight: Committee review of the activities of a Federal agency or program.
  • Public law: A public bill or joint resolution that has passed both chambers and been enacted into law. Public laws have general applicability nationwide.
  • Qualified disability expense: means an expense made for a purpose authorized in federal law and regulation relative to ABLE accounts for the benefit of a person with a disability who is a designated beneficiary participating in the program. See Louisiana Revised Statutes 17:3082
  • Transcript: A written, word-for-word record of what was said, either in a proceeding such as a trial or during some other conversation, as in a transcript of a hearing or oral deposition.