Illinois Administrative Code (Last Updated: February 21, 2024) |
TITLE74. PUBLIC FINANCE |
PART722. ACHIEVING A BETTER LIFE EXPERIENCE (ABLE) ACCOUNT PROGRAM |
SUBPARTG. MISCELLANEOUS |
§722.720. Nonassignability
Latest version.
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The contract entered into between the Treasurer and a designated beneficiary under the Program, and the benefits, proceeds or payments under the Program cannot be sold, assigned, pledged, commuted, transferred or otherwise conveyed by a vendor, State agency or designated beneficiary. Any attempt to assign or transfer shall not be recognized and shall impose no liability upon the Treasurer.
(Source: Amended at 45 Ill. Reg. 4133, effective March 12, 2021)