75-653. Same; implementation and administration of program by state treasurer. (a) The treasurer shall implement and administer the program under the terms and conditions established by this act. In furtherance of such implementation and administration, the treasurer shall have the authority and responsibility to:
(1) Develop and implement the program in a manner consistent with the provisions of this act;
(2) engage the services of consultants on a contract basis for rendering professional and technical assistance and advice;
(3) seek rulings and other guidance from the secretary and the federal internal revenue service relating to the program;
(4) make changes to the program required for the participants in the program to obtain the federal income tax benefits or treatment provided by section 529A of the federal internal revenue code of 1986, as amended;
(5) charge, impose and collect administrative fees and service charges in connection with any agreement, contract or transaction relating to the program;
(6) develop marketing plans and promotion material;
(7) establish the methods by which the funds held in accounts shall be dispersed;
(8) establish the method by which funds shall be allocated to pay for administrative costs;
(9) do all things necessary and proper to carry out the purposes of this act;
(10) promulgate rules and regulations necessary to effectuate the provisions of this act;
(11) make an annual evaluation of the ABLE savings program and prepare an annual report of such evaluation to be provided to the governor, the senate and the house of representatives; and
(12) notify the secretary when an account has been opened for a designated beneficiary and submit other reports concerning the program required by the secretary.
(b) The treasurer may enter into agreements with other states to either allow Kansas residents to participate in a plan operated by another state or to allow residents of other states to participate in the Kansas ABLE program.
History: L. 2015, ch. 33, ยง 11; July 1.
Structure Kansas Statutes
Chapter 75 - State Departments; Public Officers And Employees
75-603 Account of receipts and disbursements.
75-604 Custody of moneys; deposit in banks.
75-606 Redemption of warrants; when funds exhausted; notice when funds available.
75-607 Deposit of warrants with director of accounts and reports.
75-609 Inspections by legislature and board of examination.
75-610 Delinquent county treasurers and debtors; suits by attorney general.
75-611 Civil actions against treasurer, when.
75-621 Receipts for money paid into treasury.
75-622 Assistant state treasurer; oath; duties.
75-623 Assistants and employees.
75-623a Position vacancy, redesignation of position in unclassified service.
75-640 Postsecondary education savings program; legislative declaration and intent.
75-644 Same; administration by state treasurer; authorities and responsibilities.
75-647 Same; rights and obligations construed.
75-649 Payroll deductions for postsecondary education savings accounts.
75-651 Kansas ABLE savings program; legislative intent.
75-653 Same; implementation and administration of program by state treasurer.
75-654 Same; implementation by state treasurer, powers and duties.
75-656 Same; rights and obligations; rules and regulations.
75-657 Same; Kansas ABLE savings program trust fund established; disposition of moneys.