ABLE account plan definition

ABLE account plan or "plan" means the savings account
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ABLE account plan or "plan" means the savings account plan provided for in this Section.
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Examples of ABLE account plan in a sentence

  • The bill allows the Treasurer to enter into agreements with other states to either allow Ohio residents to participate in an ABLE account plan operated by another state or to allow residents of other states to participate in the program.

  • Account Administrator means the person selected by the ABLE Committee to administer the daily operations of the ABLE account plan and provide marketing, recordkeeping, investment management, and other services for the plan.

  • The State Treasurer shall promote awareness of the availability and advantages of the ABLE account plan as a way to assist individuals and families in saving private funds for the purpose of supporting individuals with disabilities.

  • Payments from the Illinois ABLE account plan shall be made under this Section.

  • The State Treasurer 8 shall promote awareness of the availability and advantages of 9 the ABLE account plan as a way to assist individuals and 10 families in saving private funds for the purpose of supporting 11 individuals with disabilities.

  • Seller is, and will continue to be, duly empowered and authorized to enter into, and grant security interests in its property, pursuant to and perform its obligations under, this Agreement, and all other instruments and transactions contemplated hereby or relating hereto.

  • If the department determines that any of the qualified ABLE account plan is, for any reason, financially unfeasible, or is not beneficial to the citizens of this state or to the state itself, the department may suspend or terminate the plan immediately.

  • The commissioner shall promote awareness of the availability and advantages of the qualified ABLE account plan as a way to assist individuals and families in saving private funds for the purpose of supporting individuals with disabilities.

  • Ammonium nitrate with a density near 1.2 may have a velocity of 15,000 feet per second.To further complicate the situation, some blasting agents are not sealed well enough to exclude humidity.

  • The plan must be operated as an accounts-type plan that permits persons to save for qualified disability expenses incurred by or on behalf of an eligible individual.The State Treasurer shall promote awareness of the availability and advantages of the ABLE account plan as a way to assist individuals and families in saving private funds for the purpose of supporting individuals with disabilities.

Related to ABLE account plan

  • Eligible Account Any of (i) an account or accounts maintained with a federal or state chartered depository institution or trust company the short-term unsecured debt obligations of which (or, in the case of a depository institution or trust company that is the principal subsidiary of a holding company, the debt obligations of such holding company) have the highest short-term ratings of each Rating Agency at the time any amounts are held on deposit therein, or (ii) an account or accounts in a depository institution or trust company in which such accounts are insured by the FDIC or the SAIF (to the limits established by the FDIC or the SAIF, as applicable) and the uninsured deposits in which accounts are otherwise secured such that, as evidenced by an Opinion of Counsel delivered to the Trustee and to each Rating Agency, the Certificateholders have a claim with respect to the funds in such account or a perfected first priority security interest against any collateral (which shall be limited to Permitted Investments) securing such funds that is superior to claims of any other depositors or creditors of the depository institution or trust company in which such account is maintained, or (iii) a trust account or accounts maintained with (a) the trust department of a federal or state chartered depository institution or (b) a trust company, acting in its fiduciary capacity or (iv) any other account acceptable to each Rating Agency. Eligible Accounts may bear interest, and may include, if otherwise qualified under this definition, accounts maintained with the Trustee.