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Bill > S28


MA S28

Preventing funds deposited in children's savings accounts from counting against cash assistance benefits


summary

Introduced
01/23/2017
In Committee
04/11/2018
Crossed Over
Passed
Dead
12/31/2018

Introduced Session

190th General Court

Bill Summary

For legislation to prevent funds deposited in children's savings accounts from counting against cash assistance benefits. Children, Families and Persons with Disabilities.

AI Summary

This bill aims to prevent funds deposited in children's savings accounts from being counted against cash assistance benefits. Specifically, it requires the Department of Transitional Assistance to allow recipients of cash assistance under the Transitional Aid to Families with Dependent Children (TAFDC) program to accumulate assets in children's savings accounts or other long-term asset-building accounts established for a child, without those funds being included as a countable asset for the purpose of determining eligibility for cash assistance benefits. The bill also specifies that the funds deposited in these accounts can be used to help recipients save for the costs of higher education or any other expense the Department determines will aid the recipient.

Committee Categories

Budget and Finance, Health and Social Services

Sponsors (7)

Last Action

Bill reported favorably by committee as changed and referred to the committee on Senate Ways and Means (on 04/11/2018)

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