Bill
Bill > H274
MA H274
Preventing funds deposited in children’s savings accounts from counting against cash assistance benefits
summary
Introduced
03/29/2021
03/29/2021
In Committee
03/29/2021
03/29/2021
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
192nd General Court
Bill Summary
Relative to preventing funds deposited in children’s savings accounts from counting against cash assistance benefits. Children, Families and Persons with Disabilities.
AI Summary
This bill seeks to prevent funds deposited in children's savings accounts from being counted as assets against cash assistance benefits received through the Transitional Aid to Families with Dependent Children (TAFDC) program. Specifically, it would allow TAFDC recipients to accumulate assets in designated children's savings accounts, such as those intended to pay for higher education, without those funds being included in the asset limit calculations for their cash assistance benefits. The bill aims to help TAFDC recipients save for their children's future educational or other expenses that the Department of Transitional Assistance deems beneficial, without those savings negatively impacting their current cash assistance eligibility.
Committee Categories
Health and Social Services
Sponsors (3)
Last Action
Accompanied a study order, see H4909 (on 07/11/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/192/H274 |
| Bill | https://malegislature.gov/Bills/192/H274.pdf |
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