MCL - Index of Act 160 of 2015
NOTE: Dates reflect any modification to item, not necessarily a change in law.
| Title | Subject |
|---|---|
| Act 160 of 2015 | MICHIGAN ACHIEVING A BETTER LIFE EXPERIENCE (ABLE) PROGRAM ACT (206.981 - 206.997) |
| Section 206.981 | Short title. |
| Section 206.982 | Definitions. |
| Section 206.983 | Michigan ABLE savings program; establishment; program manager; purposes, powers, and duties of state treasurer or designee; selection of program managers; proposals; factors; duties of treasurer and program manager; contract. |
| Section 206.984 | Management contract; supervision. |
| Section 206.985 | Management contract; term of years; termination. |
| Section 206.986 | Contracts as necessary and proper. |
| Section 206.987 | ABLE savings accounts; establishment; opening of account by individual or designated representative; agreement; form; contents; contributions; exemption from creditor process; distributions; separate accounting. |
| Section 206.988 | Changes in account owners or designated beneficiaries; transfers. |
| Section 206.989 | Directing investment of contributions in violation of internal revenue code; prohibition; administrative services; use of interest as loan security. |
| Section 206.990 | Maximum account balance limit. |
| Section 206.991 | Submission of certain information to internal revenue service, department, and account owner. |
| Section 206.992 | Disclosure of information to account owner and other person requesting information. |
| Section 206.993 | Construction and interpretation of act and agreement. |
| Section 206.994 | State obligation. |
| Section 206.995 | Annual report. |
| Section 206.996 | Tax exemption. |
| Section 206.997 | Consideration of financial circumstances for purpose of assistance program; effect of ABLE savings account. |