Oregon Revised Statutes Executive Branch; Organization § 178.380

(a) Allow a person to make contributions for a taxable year to an ABLE account established for the purpose of meeting the qualified disability expenses of the designated beneficiary of the account;

(b) Limit a designated beneficiary to one ABLE account for purposes of this section;

(c) Require cash-only contributions to ABLE accounts;

(d) Provide for a separate accounting for each designated beneficiary of an ABLE account;

(e) Provide that a designated beneficiary of an ABLE account may not, directly or indirectly, direct the investment of contributions to the account, or earnings on the account, more than two times in any calendar year;

(f) Prohibit the use of a designated beneficiary's interest in an ABLE account as security for a loan;

(g) Allow for the establishment of an ABLE account only for a designated beneficiary who is a resident of this state or a resident of a contracting state;

(h) Establish limitations on aggregate contributions to an ABLE account on behalf of a designated beneficiary; and

(i) Satisfy all other requirements of section 529A of the Internal Revenue Code,  1 the ABLE Act, rules adopted by the United States Secretary of the Treasury under the ABLE Act and other applicable federal law.