convenient to carry out this act, including, but not limited to,
the power to:
(1) Administer the program and the fund.
(2) Enter into contracts with individuals for the
establishment of ABLE savings accounts.
(3) Pay to an account owner or designated beneficiary,
or a third party authorized by an account owner, upon receipt
of appropriate documentation if required by the department,
funds from the account to pay for the eligible individual's
qualified disability expenses.
(4) Contract for goods and services and engage and
employ personnel, including, but not limited to, the service
of CONTRACTS WITH private consultants, actuaries, managers,
legal counsel and auditors AS NECESSARY for rendering
professional, managerial and technical assistance and advice.
(5) Solicit and accept gifts, grants, loans and other
aid from any person, corporation or other entity or from a
government entity and participate in any Federal, State or
local government program that results in additional funds
being available to pay for the qualified disability expenses
of eligible individuals with ABLE savings accounts.
(6) Charge and collect administrative fees and charges
in connection with any transaction, including continued
participation in the program.
(7) Close ABLE savings accounts and return any remaining
funds, minus any fees, to the account owner.
(8) Contract for insurance, letters of credit and
collateral agreements.
(9) Adjust the terms of contracts with account owners.
(10) Solicit answers from appropriate Federal agencies
20150SB0879PN1238 - 6 -
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