Section 722.300  Responsibilities of the Treasurer

The Treasurer is the State administrator and program manager of the ABLE Program.  The Treasurer's duties include, but are not limited to:  the appointment of an account administrator and other tasks necessary to administer the Program.  The Treasurer will contract with one or more third parties to carry out administrative duties, including:  accepting and processing applications, maintaining accounting records, and making payments.  The Treasurer is also responsible for establishing fees to be imposed on participants to cover the expenses of administration, recordkeeping and investment management.

(Source:  Amended at 45 Ill. Reg. 4133, effective March 12, 2021)