Effective - 28 Aug 2016, 2 histories
209.600. Definitions. — As used in sections 209.600 to 209.645, except where the context clearly requires another interpretation, the following terms mean:
(1) "ABLE account", the same meaning as in 26 U.S.C. Section 529A of the Internal Revenue Code;
(2) "Benefits", the payment of qualified disability expenses on behalf of a designated beneficiary from an ABLE account;
(3) "Board", the Missouri Achieving a Better Life Experience board established in section 209.605;
(4) "Designated beneficiary", the same meaning as in 26 U.S.C. Section 529A of the Internal Revenue Code;
(5) "Eligible individual", the same meaning as in 26 U.S.C. Section 529A of the Internal Revenue Code;
(6) "Financial institution", a bank, insurance company, or registered investment company;
(7) "Internal Revenue Code", the Internal Revenue Code of 1986, as amended;
(8) "Missouri Achieving a Better Life Experience program" or "ABLE", the program created pursuant to sections 209.600 to 209.645;
(9) "Participant", a person who has entered into a participation agreement pursuant to sections 209.600 to 209.645 for the advance payment of qualified disability expenses on behalf of a designated beneficiary. Unless otherwise permitted under 26 U.S.C. Section 529A of the Internal Revenue Code the participant shall be the designated beneficiary of the ABLE account, except that if the designated beneficiary of the account is a minor or has a custodian or other fiduciary appointed for the purpose of managing his or her financial affairs, the parent or custodian or other fiduciary of the designated beneficiary may serve as the participant if such form of ownership is permitted or not prohibited by 26 U.S.C. Section 529A of the Internal Revenue Code;
(10) "Participation agreement", an agreement between a participant and the board pursuant to and conforming with the requirements of sections 209.600 to 209.645; and
(11) "Qualified disability expenses", the same meaning as in 26 U.S.C. Section 529A of the Internal Revenue Code.
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(L. 2015 S.B. 174 § 166.600, A.L. 2016 H.B. 2125)
Structure Missouri Revised Statutes
Title XII - Public Health and Welfare
Section 209.010 - Division to aid blind persons.
Section 209.020 - Division may receive and expend donations and bequests.
Section 209.035 - Proceeds from involuntary conversion, how treated — receipt defined.
Section 209.050 - Persons refusing work ineligible for pensions — names may be stricken from roll.
Section 209.060 - Application for pension — payment begins, when — misrepresentation, penalty.
Section 209.070 - Division to prepare suitable blank application forms.
Section 209.080 - Division to make regulations relative to examination of applicants for pensions.
Section 209.090 - Division to prepare roll of pensioners — to distribute pensions.
Section 209.100 - Division to keep blind pension roll.
Section 209.110 - Person aggrieved may appeal.
Section 209.130 - Rate of tax to be levied.
Section 209.140 - Persons violating provisions of law guilty of misdemeanor.
Section 209.170 - October fifteenth to be white cane safety day, governor to note.
Section 209.200 - Definitions.
Section 209.240 - Amount of pension — need, how determined.
Section 209.251 - Definitions.
Section 209.261 - Definitions.
Section 209.265 - No disclosure of conversation without permission — penalty.
Section 209.285 - Definitions.
Section 209.289 - Coordinator to be hired, qualifications, salary and expenses.
Section 209.295 - Rules and regulations, authority to promulgate, duties of commission.
Section 209.299 - Evaluations to be held where and when — coordinator to notify applicants of score.
Section 209.302 - Eligibility for evaluation.
Section 209.305 - Evaluations, subjects to be covered — confidentiality of tests and records.
Section 209.307 - Conflict of interest for board or evaluation team, effect.
Section 209.311 - Fees, how established.
Section 209.314 - Grievances on evaluation, procedure.
Section 209.317 - Certificate may be suspended, denied or revoked — hearing procedure.
Section 209.322 - Certificates recognized by the board.
Section 209.331 - Procedure to adopt rules.
Section 209.337 - Violations, penalty — injunction granted when — venue.
Section 209.600 - Definitions.
Section 209.610 - Agreements, terms and conditions — contribution limits.
Section 209.615 - Deposit and investment of moneys.
Section 209.620 - Cancellation of participation agreement, penalty.
Section 209.625 - Assets exempt from taxation.
Section 209.630 - Assets used for ABLE program purposes only.
Section 209.635 - Rulemaking authority.
Section 209.640 - State treasurer's office, semiannual review.
Section 209.645 - ABLE account moneys not part of total state revenues.