| (a) The following words and terms, when used in this
section, have the following meanings, unless the context clearly indicates
otherwise.
(1) Achieving a Better Life Experience (ABLE) program--
(A) the ABLE Program authorized under Chapter 54, Subchapter
J, of the Texas Education Code; or
(B) a qualified ABLE program of any state that meets
the requirements of §529A of the Internal Revenue Code of 1986.
(2) ABLE account--an account established under an ABLE
program.
(3) Designated beneficiary--an individual who is named
as the beneficiary of an ABLE account established under an ABLE program.
(b) The Texas Health and Human Services Commission
excludes from the calculation of countable income interest earned
on an ABLE account and payments made from an ABLE account that are
used for the designated beneficiary's expenses.
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