§ 42-7.2-20.2. Definitions.
As used in this section, the following words shall, unless the context clearly requires otherwise, have the following meanings:
(1) “Achieving a better life experience account” or “ABLE account” means an account established under the achieving a better life experience program pursuant to this section and any implementing regulations for the purposes of funding future, qualified disability expenses of a designated beneficiary.
(2) “Achieving a better life experience program” or “program” means the qualified ABLE program established and administered jointly by the executive office, in conjunction with the SIC as defined herein and, to the extent so delegated or contracted, any designated administrators.
(3) “Contracting state” means a state that has entered into a contract with the executive office to provide residents of Rhode Island or that state with access to a qualified ABLE program.
(4) “Designated administrator” means any corporation or other entity whose powers and privileges are provided for in any general or special law, whether for profit or not, designated or retained by the executive office for the purpose of administering, subject to the executive office’s and SIC’s ongoing supervision, all or any portion of the investment, marketing, recordkeeping, administrative, or other functions of the program.
(5) “Designated beneficiary” means the individual with a disability named as the beneficiary of an ABLE account.
(6) “Executive office” means the executive office of health and human services (EOHHS) or an agency thereof as designated by the secretary of EOHHS.
(7) “Individual with a disability” means an individual who is an “eligible individual” as defined under 26 U.S.C. § 529A.
(8) “Qualified ABLE program” means a “qualified ABLE program” as defined under 26 U.S.C. § 529A.
(9) “Qualified disability expenses” means “qualified disability expenses” as defined under 26 U.S.C. § 529A.
(10) “Secretary of EOHHS” means the secretary of the executive office of health and human services.
(11) “Secretary of the Treasury” means the Secretary of the Treasury of the United States.
(12) “Section 529A” means Section 529A of the Internal Revenue Code of 1986, as amended, (26 U.S.C. § 529A) or any successor provision thereto, and any regulations promulgated thereunder or tax announcements or other binding regulatory guidance provided with respect thereto.
(13) “State” means the state of Rhode Island.
(14) “State investment commission” or “SIC” means the state investment commission as established by § 35-10-1.
History of Section.P.L. 2015, ch. 158, § 1; P.L. 2015, ch. 187, § 1.
Structure Rhode Island General Laws
Title 42 - State Affairs and Government
Chapter 42-7.2 - Office of Health and Human Services
Section 42-7.2-1. - Statement of intent.
Section 42-7.2-2. - Executive office of health and human services.
Section 42-7.2-3. - Secretary of health and human services — Appointment.
Section 42-7.2-4. - Responsibilities of the secretary.
Section 42-7.2-5. - Duties of the secretary.
Section 42-7.2-6. - Departments assigned to the executive office — Powers and duties.
Section 42-7.2-6.1. - Transfer of powers and functions.
Section 42-7.2-7. - Independent advisory council — Purposes.
Section 42-7.2-8. - Assignment and reassignment of advisory bodies.
Section 42-7.2-9. - Appointment of employees.
Section 42-7.2-10. - Appropriations and disbursements.
Section 42-7.2-11. - Rules and regulations.
Section 42-7.2-12. - Repealed.
Section 42-7.2-12.1. - Repealed.
Section 42-7.2-13. - Severability.
Section 42-7.2-14. - Cooperation of other state executive branch agencies.
Section 42-7.2-15. - Applicability.
Section 42-7.2-16. - Medicaid System Reform 2008.
Section 42-7.2-16.1. - Reinventing Medicaid Act of 2015.
Section 42-7.2-17. - Statutory reference to the office of health and human services.
Section 42-7.2-18. - Program integrity division.
Section 42-7.2-18.1. - Professional responsibility — Criminal records check for high-risk providers.
Section 42-7.2-18.3. - Professional responsibility — Criminal records check for personal care aides.
Section 42-7.2-19. - HIV Care Grant rebate account.
Section 42-7.2-20.1. - ABLE accounts.
Section 42-7.2-20.2. - Definitions.
Section 42-7.2-20.3. - Creation of program.
Section 42-7.2-20.4. - Contributions to be held in trust.
Section 42-7.2-20.5. - Rules and regulations.
Section 42-7.2-20.6. - Tax-exempt earnings.
Section 42-7.2-20.7. - State and local means-tested programs.