Sec. 54.909. USE OF FUND ASSETS. The assets of the program may only be used to: (1) make distributions to designated beneficiaries; (2) pay the costs of program administration and operations; (3) make refunds for cancellations, excess contributions, liquidation under Section 54.908 (d), and death, in accordance with a computation method determined by the board; (4) roll over funds to another ABLE account to the extent authorized by Section 529A, Internal Revenue Code; and (5) make distributions to the state as authorized by Section 529A, Internal Revenue Code.
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