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MI HB4544
Bill
Status
10/28/2015
Primary Sponsor
Nancy Jenkins-Arno
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AI Summary
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Department of Social Services shall disregard ABLE savings account balances and earnings when determining financial eligibility for assistance programs under the act.
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Excludes from eligibility calculations contributions to a designated beneficiary's ABLE savings account and distributions from such accounts for qualified disability expenses.
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Defines "ABLE savings account," "designated beneficiary," and "qualified disability expenses" by reference to the Michigan Achieving a Better Life Experience (ABLE) Program Act.
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Effective 90 days after enactment (January 26, 2016), contingent upon passage of SB 360, HB 4542, and HB 4543.
Legislative Description
Human services; services or financial assistance; financial eligibility for certain assistance programs; prohibit state from considering amount in ABLE savings accounts. Amends 1939 PA 280 (MCL 400.1 - 400.119b) by adding sec. 10g. TIE BAR WITH: HB 4542'15, HB 4543'15, SB 0360'15
State agencies (existing): human services
Last Action
Assigned Pa 162'15 With Immediate Effect
10/28/2015