Section 111 of Chapter 5 of the Acts of 1995 is hereby amended by adding at the end of the third sentence the following words:--  ; provided, however, that up to $10,000 of lump sum income shall be disregarded as income and excluded as an asset if within 30 days of its receipt it is deposited in a separate identifiable account as a financial institution, community development corporation or other non-profit agency approved by the department to establish and administer such financial accounts.   Withdrawals from such an account may only be for the purposes identified in subparagraph (a) through (e):

                (a) Expenses for education or job training to attend an accredited or approved education or training institution;

                (b) The purchase or repair of a home that is the applicant of the recipient principal residence;

                (c) The purchase or repair of a vehicle used for transportation to work or to attend an education or training program;

                (d) Capital to start a small business for any family member 18 years or age or older.

                (e) Health care costs not covered by public or private insurance.