Tennessee SB 1162

Tennessee

"Section 1. This act shall be known and may be cited as 'The Achieving a Better Life Experience (ABLE) Act.' Section 2. The purpose of this act is to authorize the establishment of a qualified ABLE program as an agency or instrumentality of the state to assist an eligible individual in saving money to meet the eligible individual’s qualified disability expenses. The intent of the program is to encourage and assist individuals and families to save private funds for the purpose of supporting individuals with disabilities to maintain health, independence, and quality of life."

State Policies & Initiatives: 
Legislation
Systems: 
  • Other
Topics: 
  • Asset Development / Financial Capability
Other: 
  • State Treasurer
Date Enacted: 
05/18/2015
CITATIONS: