46-907. Achieving a better life experience act oversight committee; termination

A. The achieving a better life experience act oversight committee is established in the department consisting of the following members:

1. The director of the department or the director's designee.

2. The state treasurer or the state treasurer's designee.

3. One member who has knowledge, skill and experience in investment, asset management or financial-related experience and who is appointed by the governor.

4. One member who is a licensed attorney in this state, who has knowledge, skill and experience in special needs trusts and disability issues and who is appointed by the governor.

5. One member who is an eligible individual and who is appointed by the governor.

6. One member who is a family member of an eligible individual and who is appointed by the governor.

7. One representative of a community-based organization that supports or advocates for individuals with disabilities who is appointed by the governor.

B. The committee shall select a chairperson from the committee's membership. The committee shall meet at least once each calendar quarter.

C. Appointed committee members are eligible to receive compensation pursuant to section 38-611 for each day of attendance at committee meetings.

D. The committee shall:

1. Make recommendations and provide guidance for the establishment, implementation and improvement of the program, including statutory and rule changes.

2. Make recommendations regarding the selection of one or more financial institutions to act as depositories and managers of the accounts.

3. Review regulations adopted by the United States secretary of the treasury and identify changes necessary for program compliance.

4. Provide advice regarding requirements for disbursements from accounts for qualified disability expenses.

5. Monitor the use and effectiveness of the program, including the number of accounts established and used, the number of designated beneficiaries being served, a description of the types of disabilities the designated beneficiaries have and the types of expenses for which disbursements have been made.

E. Members of the committee are immune from personal liability with respect to all actions that are taken in good faith and within the scope of the committee's authority.

F. Appointed committee members serve four-year terms and may not serve more than two terms on the committee.

G. The committee established by this section ends on July 1, 2024 pursuant to section 41-3103.