Loading chat...

NY S06238

Bill

Official Source

Status

Passed

11/25/2019

Primary Sponsor

David Carlucci

Click for details

Origin

Senate

2019-2020 General Assembly

AI Summary

  • Amends the mental hygiene law to modify the maximum account balance limit for the New York ABLE program
  • Replaces the fixed $100,000 maximum account balance with a limit tied to the federally authorized contribution level established for the New York college choice tuition savings program under Education Law Section 695-e
  • Authorizes the comptroller to establish and adjust the maximum account balance to reflect reasonable expenditures in accordance with applicable state and federal law
  • Takes effect immediately upon enactment

Legislative Description

Relates to increasing the maximum account balance for the New York ABLE program in accordance with the NY state college choice tuition savings program.

Last Action

signed chap.545

11/25/2019

Committee Referrals

Mental Health and Developmental Disabilities5/29/2019
Ways and Means5/14/2019
Mental Health5/6/2019
Rules6/5/2019
Mental Health and Developmental Disabilities5/28/2019

Full Bill Text

No bill text available