(a)
(1) An account owner or contributor may establish an account by making an initial contribution to the Achieving a Better Life Experience Program, signing an application form approved by the Achieving a Better Life Experience Program Committee, and naming the account owner and the designated beneficiary.
(2) If the contributor is not the account owner, the account owner shall also sign the application form.
(3) Any person may make contributions to an account after the account is opened.
(b) Contributions to an account shall be made only in cash.
(c)
(1) Total contributions to all accounts shall not exceed those reasonably necessary to provide for the qualified disability expenses of the beneficiary.
(2) The committee shall establish maximum contribution limits applicable to program accounts in accordance with the Achieving a Better Life Experience Program as provided under the Tax Increase Prevention Act of 2014, Pub. L. No. 113-295.
(d)
(1) Separate records and accounting shall be required by the program for each account.
(2) Reports shall be made no less frequently than annually to the account owner.
(e)
(1) The program may collect application, account, or administrative fees to defray the costs of the program.
(2) The application, account, or administrative fees shall be approved by the committee.
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