Texas Comptroller of Public Accounts
| Legal Citations: |
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| Origin Date: S.B. 1664, and H.B. 6, 84th Leg. R.S. |
| Issue Date: 2015-06-23 |
| Revised Date: 2015-06-23 |
The Texas Achieving a Better Life Experience (ABLE) Program assists individuals and families in saving funds for supporting individuals with disabilities to maintain health, independence, and quality of life.
The Texas ABLE Savings Plan Trust Fund is established as a trust fund outside of the state treasury.
Fund amounts are for distributions to designated beneficiaries and program administration and operations. Amounts may be refunded for cancellations, excess contributions, liquidation, and death. All money paid by a participant and deposited into an individual ABLE account shall be promptly invested by the board.
| Classification | Group 13: Local Trust [?] |
|---|---|
| Depository Interest | Retained in fund. |
| Disposition of Balance | Accumulative |
| Appropriation Technique | Not appropriated for state expenditure. |
To view this fund's current revenue and expenditure activity by agency or comptroller object code, visit the following links:
| USAS Title | TEXAS ABLE SAVINGS PLAN TRUST FUND |
|---|---|
| Consolidated Fund | |
| State Fund Group | 13 - LOCAL TRUST |
| USAS Status | A |