The executive office shall, in conjunction with the SIC, have the power and authority to promulgate rules and regulations; enter into contracts and agreements; charge fees and expenses to the funds held under the program or to persons establishing or owning ABLE accounts; make reports; retain designated administrators, employees, experts and consultants; and do all other things necessary or convenient to implement this section in accordance with § 529A of the Internal Revenue Code of 1986, as amended (26 U.S.C. § 529A).