TITLE 74: PUBLIC FINANCE
CHAPTER XVI: TREASURER PART 722 ACHIEVING A BETTER LIFE EXPERIENCE (ABLE) ACCOUNT PROGRAM SECTION 722.720 NONASSIGNABILITY
Section 722.720 Nonassignability
The contract entered into between the Treasurer and a designated beneficiary under the Program, and the benefits, proceeds or payments under the Program cannot be sold, assigned, pledged, commuted, transferred or otherwise conveyed by a vendor, State agency or designated beneficiary. Any attempt to assign or transfer shall not be recognized and shall impose no liability upon the Treasurer.
(Source: Amended at 45 Ill. Reg. 4133, effective March 12, 2021) |