Bill > HF836

This bill amends the Iowa Code section 633C.3 related to medical income assistance trust fees, specifically increasing the amount of money that can be paid or set aside each month for necessary trust expenses without requiring court approval. Currently, trusts are limited to $10 per month in expenses without court oversight, and this bill would raise that threshold to $50 per month. The change applies to two subsections of the law, effectively expanding the financial discretion of trust administrators when managing routine expenses. By increasing the allowable amount, the bill aims to provide more flexibility for trustees managing medical income assistance trusts, potentially reducing administrative burden and making trust management more efficient. The bill suggests a recognition that $10 may no longer be sufficient to cover routine trust-related expenses, and the $50 limit offers a more realistic amount for current economic conditions.

Budget and Finance

Judiciary (H)

https://www.legis.iowa.gov/legislation/BillBook?ga=91&ba=HF836