Nebraska LB592 modifies the Achieving a Better Life Experience (ABLE) program, creating separate funds for program operations and investments.
Nebraska LB592 amends the Achieving a Better Life Experience (ABLE) program by establishing three distinct funds: the ABLE Program Fund, the ABLE Expense Fund, and the Treasury Management Cash Fund. The ABLE Program Fund holds contributions and investment income for designated beneficiaries, while the ABLE Expense Fund covers program costs. The Treasury Management Cash Fund initially funds program costs until the ABLE Program Fund becomes self-sustaining. Investments in the ABLE Program Fund and ABLE Expense Fund are managed by the state investment officer.
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- Legal Framework
- Critical Issues
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