Creation of program.

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  • (1) There is created the state Achieving a Better Life Experience Program.
  • (2) The department shall do one of the following:
    • (a) administer the state Achieving a Better Life Experience Program in compliance with:
      • (i) 26 U.S.C. Sec. 529A; and
      • (ii) regulations, if any, issued by the United States Department of the Treasury;
    • (b) enter into a contract with a state that maintains a qualified ABLE program to provide Utah residents access to that state's qualified ABLE program; or
    • (c) inform eligible individuals and parents or legal guardians of eligible individuals about qualified ABLE programs offered by other states to which Utah residents may apply.
  • (3) This chapter may not be interpreted to:
    • (a) authorize or provide a disability-related service to an eligible individual;
    • (b) be a factor in establishing residency; or
    • (c) provide that contributions made into an account are sufficient to cover the qualified disability expenses of an eligible individual.
  • (4) An account is not insured or guaranteed by the state.
  • (5) The state does not guarantee the rate or payment of interest or other return on an account.




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