§ 4001.2. Options for a qualified ABLE program
Oklahoma Statutes AnnotatedTitle 56. Poor Persons
56 Okl.St.Ann. § 4001.2
§ 4001.2. Options for a qualified ABLE program
4. Make changes to the program required for the participants in the program to obtain the federal income tax benefits or treatment provided by Section 529A of the Internal Revenue Code;1
7. Select the financial institution or institutions to act as the depositories and managers of the program accounts in accordance with this act. For purposes of selecting such institutions and managers, the Office of the State Treasurer shall be exempt from The Oklahoma Central Purchasing Act.2 The Treasurer shall develop a competitive process by which the institutions and managers will be selected; and
8. Be exempt from the rulemaking provisions of the Administrative Procedures Act3 when adopting guidelines for the ABLE program; provided, any such guidelines affecting existing or potential participants in the ABLE program may only be implemented after reasonable notice to the public and a public hearing in a manner similar to the requirements of the Administrative Procedures Act.
1. Select the state or consortium which the Treasurer has determined will provide the greatest benefit to eligible individuals. For purposes of selecting such state or consortium, the Office of the State Treasurer shall be exempt from The Oklahoma Central Purchasing Act. The Treasurer shall develop a competitive process by which the state or consortium will be selected; and
Credits
Laws 2016, c. 354, § 3, eff. Jan. 1, 2017.
56 Okl. St. Ann. § 4001.2, OK ST T. 56 § 4001.2
Current with emergency effective legislation through Chapter 257 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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