Pennsylvania Statutes Title 72 P.S. Taxation and Fiscal Affairs § 4666.301. Pennsylvania ABLE Savings Program

(a) Establishment.--The department may establish and maintain a savings program to allow ABLE savings accounts to be opened for eligible individuals for payment of qualified disability expenses.  Notwithstanding any other provision of law, an ABLE savings program established by the department shall be maintained at all times in such a manner that ensures the program's status as a qualified ABLE program.

(b) Administration.--The department may utilize the administrative or investment structures of the Tuition Account Investment Program established by the act of April 3, 1992 (P.L. 28, No. 11),  1 known as the Tuition Account Programs and College Savings Bond Act, without separately soliciting proposals for assistance in the management of all or part of the program.

(c) Investment manager and trustee.--The department may contract with one or more persons or legal entities to serve as investment managers, program managers and trustees on behalf of the program.  If the department contracts with investment managers, program managers or trustees in order to fulfill the objectives of the program, the investment managers, program managers and trustees shall work with the department to provide a program to develop investment portfolios and to supervise investments and investment programs.

(d) Contracts with other states.--The department may contract with another state for any of the following: