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<section article="ged" article_name="Education" number="18-19C-05" title_number="18" title_name="Student Financial Assistance" subtitle_number="19C" subtitle_name="Maryland Able Program">
  <level label="a">
    <level label="1">
      <text>The debts, contracts, and obligations of the Maryland ABLE Program are not the contracts, debts, or obligations of the State, and neither the faith and credit nor taxing power of the State is pledged directly or indirectly or contingently, morally or otherwise, to the payment of the debts, contracts, and obligations.</text>
    </level>
    <level label="2">
      <text>The State Treasurer may not directly or indirectly or contingently obligate, morally or otherwise, the State to levy or pledge any form of taxation whatsoever for the debts and obligations of the Maryland ABLE Program or to make any appropriation for the payment of the debts and obligations of the Maryland ABLE Program.</text>
    </level>
  </level>
  <level label="b">
    <text>The State may not be liable for any losses or shortage of funds in the event that the designated beneficiary’s ABLE account balance is insufficient to meet the designated beneficiary’s qualified disability expenses.</text>
  </level>
  <level label="c">
    <text>Money of the Maryland ABLE Program may not be considered money of the State or deposited in the State Treasury.</text>
  </level>
  <level label="d">
    <text>Money of the Maryland ABLE Program may not be considered money of or commingled with the Maryland Senator Edward J. Kasemeyer Prepaid College Trust.</text>
  </level>
  <level label="e">
    <text>Money of the Maryland ABLE Program may not be considered money of or commingled with the Maryland Senator Edward J. Kasemeyer College Investment Plan.</text>
  </level>
  <level label="f">
    <text>Money of the Maryland ABLE Program may not be considered money of or commingled with the Maryland Broker–Dealer College Investment Plan.</text>
  </level>
</section>
