Arizona Laws 46-907. Achieving a better life experience act oversight committee
A. The achieving a better life experience act oversight committee is established in the department consisting of the following members:
Terms Used In Arizona Laws 46-907
- Committee: means the achieving a better life experience act oversight committee. See Arizona Laws 46-901
- Department: means the department of economic security. See Arizona Laws 46-901
- Director: means the director of the department of economic security. See Arizona Laws 46-101
- Eligible individual: means an individual who is entitled to benefits based on blindness or disability under title II or XVI of the social security act, and such blindness or disability occurred before the date on which the individual attained twenty-six years of age or a disability certification with respect to such individual is filed with the United States secretary of the treasury for such taxable year as stipulated in 26 United States Code § 529A. See Arizona Laws 46-901
- including: means not limited to and is not a term of exclusion. See Arizona Laws 1-215
- Oversight: Committee review of the activities of a Federal agency or program.
- Program: means the qualified ABLE program that is established under this article and as defined in 26 United States Code § 529A. See Arizona Laws 46-901
- Qualified disability expenses: means any expenses that are related to the eligible individual's blindness or disability and that are for the benefit of an eligible individual who is the designated beneficiary of an account, including education, housing, transportation, employment training and support, assistive technology and personal support services, health care, prevention and wellness, financial management and administrative services, legal fees, expenses for oversight and monitoring and funeral and burial expenses and any other expenses that are approved by the United States secretary of the treasury as required by 26 United States code section 529A. See Arizona Laws 46-901
- United States: includes the District of Columbia and the territories. See Arizona Laws 1-215
1. The director of the department or the director’s designee.
2. The state treasurer or the state treasurer’s designee.
3. One member who has knowledge, skill and experience in investment, asset management or financial-related experience and who is appointed by the governor.
4. One member who is a licensed attorney in this state, who has knowledge, skill and experience in special needs trusts and disability issues and who is appointed by the governor.
5. One member who is an eligible individual and who is appointed by the governor.
6. One member who is a family member of an eligible individual and who is appointed by the governor.
7. One representative of a community-based organization that supports or advocates for individuals with disabilities who is appointed by the governor.
B. The committee shall select a chairperson from the committee’s membership. The committee shall meet at least once each calendar quarter.
C. Appointed committee members are eligible to receive compensation pursuant to section 38-611 for each day of attendance at committee meetings.
D. The committee shall:
1. Make recommendations and provide guidance for the establishment, implementation and improvement of the program, including statutory and rule changes.
2. Make recommendations regarding the selection of one or more financial institutions to act as depositories and managers of the accounts.
3. Review regulations adopted by the United States secretary of the treasury and identify changes necessary for program compliance.
4. Provide advice regarding requirements for disbursements from accounts for qualified disability expenses.
5. Monitor the use and effectiveness of the program, including the number of accounts established and used, the number of designated beneficiaries being served, a description of the types of disabilities the designated beneficiaries have and the types of expenses for which disbursements have been made.
E. Members of the committee are immune from personal liability with respect to all actions that are taken in good faith and within the scope of the committee’s authority.
F. Appointed committee members serve four-year terms and may not serve more than two terms on the committee.