Sec. 3. Purposes
89 words·~1 min read·
/bill/119/s/4498/is/section-3·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The purposes of this Act are— to encourage and assist individuals with disabilities who have fewer resources to save using ABLE accounts; to increase uptake and continued utilization of ABLE accounts by people with disabilities, especially those individuals receiving benefits under the Medicaid program established under title XIX of the Social Security Act and the program for supplemental security income benefits established under title XVI of such Act; and to help ensure the success and financial stability of ABLE account holders and the whole of the ABLE account program.