N.Y. Mental Hygiene Law 84.07 – NY ABLE account advisory council
§ 84.07 NY ABLE account advisory council.
Terms Used In N.Y. Mental Hygiene Law 84.07
- NY ABLE account: shall mean an individual savings account established in accordance with the provisions of section 529A of the Internal Revenue Code. See N.Y. Mental Hygiene Law 84.03
1. The NY ABLE account advisory council is hereby established and shall consist of the following persons or their designees: the comptroller, the commissioner of the office of mental health, the commissioner of the office for people with developmental disabilities, the commissioner of the department of health, the superintendent of the department of financial services, the commissioner of the department of taxation and finance, the commissioner of the office of temporary disability assistance, three individuals appointed by the governor, and two individuals each by the temporary president of the senate and by the speaker of the assembly. Such executive and legislative appointees shall have knowledge, skill and expertise in issues relating to individuals with disabilities; expertise in services to persons with disabilities; or knowledge in management and support of the fiscal affairs of such disabilities.
2. The members shall be appointed for a term of three years and shall be representative of all geographic areas of the state.
3. The advisory council shall:
(a) Study and review the work of the comptroller in relation to the establishment of the NY ABLE account program;
(b) Advise the comptroller and make recommendations for the improvement of the NY ABLE account program;
(c) Advise the comptroller on legislative and regulatory activity which may be required for compliance; and
(d) Advise the comptroller on the development of materials to be provided to account owners, prospective account owners, and designated beneficiaries in accordance with subdivision fourteen of section 84.09 of this article.
4. The advisory council shall meet at least four times in each full calendar year during the first three years of the implementation of ABLE accounts, annually thereafter, and additionally upon the request of the comptroller.
5. The members of the advisory council shall receive no compensation for their services as members, but each shall be allowed the necessary and actual expenses incurred in the performance of his or her duties under this section.