NY Assembly Bill 6516: ABLE Legislation

New York

 Section 1. This act shall be known and may be cited as the "New York achieving a better life experience (NY ABLE) savings account act".

§ 2.  Legislative intent. The legislative intent of this act is to encourage and assist individuals and families in saving private funds for the purpose of supporting individuals with disabilities to maintain health, independence and quality of life; and to provide secure funding for disability related expenses on behalf of designated beneficiaries with disabilities that will supplement, but not supplant, benefits provided through existing sources.


State Policies & Initiatives: 
  • Other
  • Asset Development / Financial Capability
Date Enacted: