Bill > H167

This bill proposes to establish a pilot program within the Department of Health and Human Services that would provide low-interest loans of up to $10,000 to up to 30 individuals in the Commonwealth to help cover expenses directly resulting from a child's terminal illness. The application process would be determined by the Department of Public Health, and the definition of "terminal illness" is an illness likely to cause death within six months. The loan terms would be set by the Department of Health and Human Services, with interest rates set at 2% or the current rate, whichever is higher. Repayment would begin one year after the loan is issued, with failure to comply resulting in a 15% interest rate for the remainder of the loan.

Health and Social Services

https://malegislature.gov/Bills/193/H167