The NC Achieving a Better Life Experience (ABLE) Act allows people with disabilities to save money in a special 529A account for qualified disability expenses, similar to the tax-deferred accounts used by families to save for their children’s college educations.
The NC ABLE Program is governed by the NC ABLE Program Board of Trustees. The makeup of the NC ABLE Program Board of Trustees is mandated by the NC ABLE Act, N.C. G.S. 147- 86.52. The Board is composed of six members. The State Treasurer serves as chair, and two members serve ex-officio: the NC Commissioner of Banks, or designee, and the Secretary of the NC Department of Health and Human Services, or designee. One member is appointed by the Governor. One member is appointed by the General Assembly, upon recommendation of the Speaker of the House of Representatives. One member is appointed by the General Assembly, upon recommendation of the President Pro Tempore of the Senate.