§3086. ABLE account funds; investment

            A. The state treasurer shall invest monies deposited in the ABLE accounts in the same manner as prescribed by R.S. 17:3091 et seq. for the investment of monies deposited in START Program accounts. Funds in ABLE accounts shall be invested in such investment options and subject to the same requirements and limitations for funds deposited in START Program accounts provided in R.S. 17:3091 et seq., except as otherwise provided in this Chapter.

            B. Notwithstanding any provision of this Section or any other provision of law to the contrary, beginning on the date of the execution of a contract between the authority and a program manager as provided in Chapter 22-C of this Title, all ABLE accounts may be administered, and all funds in such accounts may be invested, by the program manager.

            Acts 2016, No. 604, §1; Acts 2026, No. 671, §1, eff. June 2, 2026.