Florida ABLE, Inc. Direct-Support Organization Disclosure 2016 June 27, 2016

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1 Florida ABLE, Inc. Direct-Support Organization Disclosure 2016 June 27, 2016 SUMMARY Section , Florida Statutes, sets forth that by August 1 of each year, a citizen support organization or direct-support organization created or authorized pursuant to law or executive order and created, approved, or administered by an agency, must submit the following information to the appropriate agency: (a) (b) (c) (d) (e) (f) The name, mailing address, telephone number, and website address of the organization. The statutory authority or executive order pursuant to which the organization was created. A brief description of the mission of, and results obtained by, the organization. A brief description of the plans of the organization for the next 3 fiscal years. A copy of the organization s code of ethics. A copy of the organization s most recent federal Internal Revenue Service Return of Organization Exempt from Income Tax form (Form 990). The agency receiving this information must make such information available to the public through the agency s website and, by August 15 of each year, report same to the Governor, the President of the Senate, the Speaker of the House of Representatives, and the Office of Program Policy Analysis and Government Accountability. The report must include a recommendation by the agency, with supporting rationale, to continue, terminate, or modify the agency s association with each organization. A draft agency report is provided herein which includes the required ABLE United disclosures. Page 1 of 1

2 August 1, 2016 The Honorable Rick Scott Governor State of Florida The Capitol, PL S. Monroe St. Tallahassee, FL Dear Governor Scott: On behalf of Florida ABLE Inc. (d/b/a ABLE United), thank you for supporting the establishment of a qualified ABLE program for the citizens of Florida. As required by Section , Florida Statutes, ABLE United has provided the enclosed disclosure to the Florida Prepaid College Board. This disclosure has been posted to the Board s website at: ABLE United has developed the ABLE United Program to be a qualified ABLE program pursuant to Section 529A of the Internal Revenue Code. Beginning in fiscal year , ABLE United will provide Floridians with a disability the opportunity to save money, tax-free, while maintaining federal disability benefits. At this time, ABLE United anticipates that 4,000 new accounts will be opened in the first year, with an additional 2,000 accounts opened each year thereafter. On March 23, 2016, the Florida Prepaid College Board certified that ABLE United is complying with the terms of the Direct-Support Organization Contract and acting in a manner consistent with Section , Florida Statutes, in the best interest of the State of Florida. On June 27, 2016, the Board approved the ABLE United operating budget for fiscal year ABLE United and the Florida Prepaid College Board remain dedicated to establishing a quality program for the people of Florida. It is the recommendation of this Board to continue our association with ABLE United. If you have any questions, please contact Kevin Thompson at (850) Sincerely, Duane Ottenstroer Chairman Enclosure

3 TO: FROM: SUBJECT: DATE: June 14, 2016 M E M O R A N D U M Florida Prepaid College Board Kevin Thompson, Executive Director Direct-Support Organization Disclosures Pursuant to Section , Florida Statutes, please find annual disclosure information as required from a direct-support organization below. (1) By August 1 of each year, a citizen support organization or direct-support organization created, approved, or administered by an agency, shall submit the following to the appropriate agency: a. The name, mailing address, telephone number, and website address of the organization. Florida ABLE, Inc. (d/b/a ABLE United) 1801 Hermitage Boulevard, Suite 210 Tallahassee, FL b. The statutory authority or executive order pursuant to which the organization was created (3), Florida Statutes; c. A brief description of the mission of, and results obtained by, the organization. The mission of ABLE United is to encourage and assist the saving of private funds to help persons with disabilities cover costs that support their health, independence and quality of life. ABLE United has developed the ABLE United Program to be a qualified ABLE program pursuant to Section 529A of the Internal Revenue Code. As required by the Florida Statutes, ABLE United has: (1) received tax and securities opinions confirming program compliance with federal law, (2) created a participation agreement with program terms and conditions, and (3) established a comprehensive investment plan. The program will launch on July 1, d. A brief description of the plans of the organization for the next 3 fiscal years. Beginning in , ABLE United will provide Floridians with a disability the opportunity to save money, tax-free, while maintaining federal disability benefits. At this time, ABLE United anticipates that 4,000 new accounts will be opened in the first year, with an additional 2,000 per year thereafter. ABLE United will continually evaluate program enhancements to support program growth and improved customer experience. e. A copy of the organization s code of ethics. ABLE United has adopted the State Board of Administration s policy Ethics (enclosed). f. A copy of the organization s most recent federal Internal Revenue Service Return of Organization Exempt from Income Tax form (Form 990). ABLE United is seeking exemption from Form 990 through Form 1023 and will provide a copy once received from the IRS.

10 Outside employment which tends to impair the mental or physical capacity to perform one s duties and responsibilities in an acceptable manner. An employee will not engage in outside employment with persons who have, or are seeking to obtain, contractual or other business or financial relations with the SBA or who represent persons seeking such relationships. SBA employees who desire to engage in any outside employment must provide their immediate supervisor and the Inspector General with a written description of the work to be performed, name of employer, days/hours of work and anticipated duration of employment, and obtain approval from the Inspector General prior to commencing such employment. SBA hiring authorities will ascertain whether a finalist candidate for a vacant position is engaged (and intends to remain engaged) in outside employment activities and communicate SBA policy provisions concerning outside employment. Finalist candidates who are already engaged in outside employment must provide the hiring authority with a written description of the work being performed, name of employer, days/hours of work and anticipated duration of employment. Hiring authorities are responsible for coordinating with the Inspector General to obtain approval of intended outside employment of a finalist candidate in advance of executing a Personnel Action Form (PAF). Human Resources is responsible for obtaining confirmation of outside employment status of finalist candidates for positions as part of processing new employee paperwork, including obtaining documentation of approval for outside employment from the Inspector General (if applicable). An employee initiating a discussion or making application regarding employment or potential employment with a service provider must report that activity to the Inspector General within three (3) business days of such discussions or filing the application. The Inspector General will in turn immediately notify the Executive Director & CIO. If an offer of employment would create a conflict between the employee's private interests and public duties, or would impede the full and faithful discharge of the employee's public duties, the offer must be reported in writing to the Inspector General within three (3) business days. The Inspector General will in turn immediately notify the Executive Director & CIO. In an abundance of caution, all preliminary discussions with service providers regarding future employment (or hints of employment) must be reported within three (3) business days to the Inspector General, who will then review the matter and promptly make appropriate recommendations to the Executive Director & CIO to protect the best interests of the SBA. This section does not preclude an employee from: Participation in the activities of national or state political parties when such activities are not prohibited by law. Participation in the affairs of a charitable, religious, professional, social, fraternal, non-profit educational or recreational, public service, or civic organization, or acceptance of an award for a meritorious public contribution or achievement given by one of the aforementioned organizations. Using information obtained as a result of SBA employment when that information has been made available to the general public or will be made available on request.

Current through 2016, Chapters 1-48, ARTICLE XI-B PROMPT CONTRACTING AND INTEREST PAYMENTS FOR NOT-FOR-PROFIT ORGANIZATIONS

Current through 2016, Chapters 1-48, 50-60 ARTICLE XI-B PROMPT CONTRACTING AND INTEREST PAYMENTS FOR NOT-FOR-PROFIT ORGANIZATIONS Section 179-q. Definitions. 179-r. Program plan submission. 179-s. Time