This bill amends Section 56-708 of the Idaho Code to establish an Idaho ABLE account program, allowing the state treasurer to enter into agreements with a national consortium of ABLE accounts. The intent of the legislation is to promote personal independence for individuals with disabilities by creating an accessible savings program for qualified expenses, while also ensuring that having an ABLE account does not affect eligibility for state or local assistance programs. The bill also introduces provisions for technical assistance and financial literacy outreach related to the Idaho ABLE account program.

Additionally, the bill establishes a new Section 56-709, creating an ABLE account advisory council within the office of the state treasurer. This council will consist of appointed members with relevant experience, including individuals knowledgeable in health, education, and veteran affairs, as well as ABLE account owners and their guardians. The council's responsibilities include advising on policies to enhance outreach and education for the Idaho ABLE account program, with meetings held quarterly. The bill declares an emergency, making it effective on July 1, 2025.

Statutes affected:
Bill Text: 56-708