Qualified ABLE Program: CalABLE accounts: funding.

Assembly Member Addis proposes expanding funding sources and outreach capabilities for California's Qualified ABLE Program, which helps individuals with disabilities save for disability-related expenses while maintaining public benefits eligibility. The legislation authorizes the California ABLE Act Board to accept contributions from philanthropic entities and receive legislative appropriations, while permitting targeted outreach to specific eligible populations.

The bill requires the Franchise Tax Board to add information about the California ABLE Program Trust to tax return instructions, allowing taxpayers to direct portions of their refunds into ABLE accounts alongside existing options for college savings plans. The board may use new funding sources to increase public awareness and encourage eligible individuals to open and maximize participation in ABLE accounts, provided such efforts align with the program's legislative intent and applicable laws.

To enhance operational oversight, the legislation maintains the Treasurer's authority to appoint an executive director serving at the board's pleasure, with responsibility for managing staff and contracts. The bill preserves existing requirements for public disclosure of certain program consultant contracts and the board's ability to establish administrative fees and investment parameters.