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Bill > S26


MA S26

Preventing funds deposited in children's savings accounts from counting against cash assistance benefits


summary

Introduced
01/22/2019
In Committee
12/02/2019
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

191st General Court

Bill Summary

For legislation to prevent funds deposited in children's savings accounts from counting against cash assistance benefits. Children, Families and Persons with Disabilities.

AI Summary

This bill aims to prevent funds deposited in children's savings accounts from being counted as assets against cash assistance benefits. Specifically, the Department of Transitional Assistance would be required to allow recipients of transitional aid to families with dependent children (TAFDC) to deposit funds into accounts designated for a child's higher education or other expenses, and these funds would not be included as countable assets for the purposes of determining TAFDC eligibility. The bill also includes a provision stating that it will take effect upon passage.

Committee Categories

Budget and Finance, Health and Social Services

Sponsors (8)

Last Action

Bill reported favorably by committee as changed and referred to the committee on Senate Ways and Means (on 12/02/2019)

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