Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 54.906 - Treatment of Assets(a) The assets of the ABLE program shall at all times be preserved, invested, and spent only for the purposes provided by this subchapter and in accordance with the participation agreements entered into under this subchapter.(b) Except as provided by Section 529A, Internal Revenue Code, the state does not have a property right in the assets of the ABLE program.Added by Acts 2015, Texas Acts of the 84th Leg. - Regular Session, ch. 1213,Sec. 2, eff. 6/19/2015.