Mississippi Achieving a Better Life Experience (ABLE) Act

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  4. Mississippi Achieving a Better Life Experience (ABLE) Act

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Section
43-28-1

Short title

Section
43-28-3

Legislative intent

Section
43-28-5

Definitions

Section
43-28-7

Mississippi ABLE Board of Directors created; membership

Section
43-28-9

Powers of board

Section
43-28-11

ABLE Trust Fund created; Trust Fund accounts

Section
43-28-13

ABLE Trust Fund property and income exempt from state taxation; deduction of contributions to ABLE Program accounts from taxable income; amounts in ABLE account not considered in determining eligibility for certain public assistance

Section
43-28-15

Authority of Board to establish a comprehensive investment plan

Section
43-28-17

Administration of Mississippi ABLE Program; provisions of program account participation agreement; termination of program

Section
43-28-19

Annual statements and reports

Section
43-28-21

Mississippi ABLE Program monies paid into or expended out of the trust fund on behalf of a beneficiary are exempt from creditor claims; prohibition against use as loan collateral

Section
43-28-23

Distribution requirements

Section
43-28-25

Certain state agencies required to assist board

Section
43-28-27

Severability