Bill
Bill > H215
MA H215
To provide a pilot program for low interest loans to families with a child suffering from a terminal illness
summary
Introduced
03/29/2021
03/29/2021
In Committee
02/14/2022
02/14/2022
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
192nd General Court
Bill Summary
Relative to providing low interest loans to families with children suffering from terminal illnesses. Children, Families and Persons with Disabilities.
AI Summary
This bill establishes a pilot program in the Commonwealth of Massachusetts to provide low-interest loans of up to $10,000 to 30 families with a child diagnosed with a terminal illness. The loans can be used to cover expenses directly resulting from the child's illness, and the repayment terms are set by the Department of Health and Human Services, with interest rates of either 2% or the current rate at the time of the loan, whichever is higher. The loan will be placed in a separate account accessible to both the department and the recipient, and repayment will begin one year after the loan is issued, with failure to comply resulting in a 15% interest rate for the remainder of the loan.
Committee Categories
Health and Social Services
Sponsors (1)
Last Action
Accompanied a study order, see H5201 (on 10/13/2022)
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/H215 |
| Bill | https://malegislature.gov/Bills/192/H215.pdf |
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