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 legislation emphasizes the importance of ABLE accounts in promoting personal independence for individuals with disabilities and outlines the intent to protect the eligibility of these individuals when applying for state or local assistance. Additionally, it mandates the provision of technical assistance and financial literacy outreach related to the Idaho ABLE account program.

Furthermore, the bill introduces a new Section 56-709, which establishes an ABLE account advisory council within the office of the state treasurer. This council will consist of various appointed members, including individuals with expertise in relevant fields and ABLE account owners, and will meet quarterly to advise on policies that enhance outreach and education for the Idaho ABLE account program. The council is tasked with providing an annual report to the legislature and ensuring that the program is effectively marketed and accessible to eligible participants. The bill declares an emergency, making it effective on July 1, 2025.

Statutes affected:
Bill Text: 56-708