R380-90-2. Definitions

Terms used in this rule are defined in Section 80-2-504. Additionally: (1) "ABLE account" means: (a) the same as defined in Section 80-2-504; and (b) a tax-advantaged savings account for an eligible person with disabilities that allows the person to save and invest money for disability-related expenses without jeopardizing the person's eligibility for means-tested public benefits, including Medicaid and supplemental security income (SSI). (2) "PTIF" means the Public Treasurer's Investment Fund. (3) "Trust account" means a tracking account used to store funds available to use for a minor beneficiary's maintenance cost.