{"data":{"id":"us-dc/d.c.-code-47-4902","jurisdiction":"us-dc","citation":"D.C. Code § 47-4902","heading":"ABLE Program Trust.","body":"(a)\n(1)\nIn accordance with the Federal ABLE Act, there is established a qualified ABLE program, to be known as the ABLE Program Trust, that shall be established as a trust, which shall authorize an eligible individual to create an ABLE account to enable the eligible individual to benefit from the tax incentives provided under the Federal ABLE Act.\n(2)\n(A)\nThe Chief Financial Officer, or the CFO’s designee, shall serve as the trustee of the Trust.\n(B)\nThe Trust shall receive and hold all payments and contributions received from any public or private source, and the earnings on those payments and contributions, including:\n(i)\nGifts;\n(ii)\nBequests;\n(iii)\nEndowments;\n(iv)\nFederal and local grants; and\n(v)\nAny other funds intended for the Trust.\n(C)\nAll deposits, and earnings on those deposits, held in the Trust shall constitute assets of the Trust and shall not be commingled with or revert to the General Fund of the District of Columbia or any special, emergency, or temporary fund of the District of Columbia at the end of any fiscal year or at any other time.\n(D)\nThe Trust shall continue in existence as long as it holds any payments, contributions, or other funds or has any obligations and until its existence is terminated by law.\n\n(b)\nAn eligible individual who seeks to save money for the payment of qualified disability expenses of a designated beneficiary may establish an ABLE account and shall enter into an ABLE Account Savings Agreement with the Trust.\n\n(c)\nThe Chief Financial Officer shall take the action necessary to implement the ABLE Program Trust, promulgate regulations, and enter into ABLE Account Savings Agreements.","path":["Title 47. Taxation, Licensing, Permits, Assessments, and Fees. [Enacted title]","Chapter 49. ABLE Program."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/47-4902","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"5c1275b770b7e0db25bfd5842d5ae4f2bfd9a00adc586fd00aa2b62469fd025c","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-47-4901","next":"us-dc/d.c.-code-47-5001"},"notice":"GroundRules: Original legal text. Not legal advice."}