Kentucky ABLE Act SB 179
Signed by the Governor on April 5, 2016
AN ACT relating to persons with disabilities.
Amend KRS 205.200 to disregard any amount in an ABLE account, any contributions to an ABLE account, and any distribution from an ABLE account for qualified expenses for the purposes of determining an individual's eligibility for a means-tested public assistance program and the amount of assistance or benefits the individual is eligible to receive under the program; direct the State Treasurer, the Secretary of the Finance and Administration Cabinet, the Executive Director of the Commonwealth Council on Developmental Disabilities, and the Executive Director of the Kentucky Higher Education Assistance Authority to work cooperatively to seek all available sources of funding, determine the best plan of action related to ABLE accounts, and report to the Legislative Research Commission on or before December 31, 2016.
- Department of Intellectual and Developmental Disabilities
- Department of Education
- Asset Development / Financial Capability