Bill > SF284

This bill modifies Section 633C.3 of the Iowa Code related to medical income assistance trust fees by increasing the amount of money that can be paid or set aside each month for necessary trust expenses without requiring court approval. Specifically, the bill raises the monthly limit from $10 to $50 for trust expenses. This change applies to two subsections of the law, which suggests it is intended to provide more flexibility for trustees managing medical income assistance trusts by allowing them to spend a slightly larger amount on routine expenses without needing to go through a formal court process. The bill appears to recognize that $10 per month may be insufficient to cover the administrative costs and necessary expenses associated with managing such trusts, and thus proposes a modest increase to $50 to ease the administrative burden on trustees.

Judiciary (S)

https://www.legis.iowa.gov/legislation/BillBook?ga=91&ba=SF284