| (a) Nothing in this Program or in any participation
agreement entered into under this Program may be construed to guarantee
that amounts saved under the Program will be sufficient to cover the
qualified disability expenses of a designated beneficiary.
(b) Nothing in this Program or in any participation
agreement entered into under this Program may be construed to create
any obligation of the State of Texas, any agency or instrumentality
of the State of Texas, financial institution or plan manager to guarantee
for the benefit of a participant:
(1) the return of any amount contributed to an account;
(2) the rate of interest or other return on an account;
or
(3) the payment of interest or other return on an account.
(c) An ABLE account is not insured by the State of
Texas. The principal deposited into an ABLE account is not guaranteed
by the State of Texas. The investment return of an ABLE account is
not guaranteed by the State of Texas.
(d) The participant is fully responsible for any impact
an ABLE account might have on the designated beneficiary's eligibility
for Supplemental Security Income, Medicaid, or other public benefits.
(e) The participant is fully responsible for notifying
and providing the Program with accurate account information, including
current mailing address, necessary for delivery of account statements,
notices, or correspondence.
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