IL SB3786

Amends the State Treasurer Act to modify the "Achieving a Better Life Experience" (ABLE) account program for individuals with disabilities by clarifying requirements for designated representatives to establish accounts.

Requires persons or entities seeking to open an ABLE account on behalf of a beneficiary to provide written certification under penalties of perjury establishing their authority and that no other person or entity has higher priority under Section 529A of the Internal Revenue Code and federal regulations.

Removes previous statutory list of automatically recognized designated representatives (guardians, power of attorney agents, and others designated by beneficiary or Treasurer) and instead requires certification of authority basis.

Authorizes the State Treasurer to require certifications, oaths, or affirmations under penalties of perjury as deemed necessary to implement the ABLE program.

Takes effect upon becoming law.