HOUSE DOCKET, NO. 1424 FILED ON: 1/18/2017
HOUSE . . . . . . . . . . . . . . . No. 121
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The Commonwealth of Massachusetts
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PRESENTED BY:
Chynah Tyler
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To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled:
The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:
An Act preventing funds deposited in children’s savings accounts from counting against cash assistance benefits.
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PETITION OF:
Name: | District/Address: | Date Added: |
Chynah Tyler | 7th Suffolk | 1/18/2017 |
Mike Connolly | 26th Middlesex | 2/1/2017 |
Daniel Cullinane | 12th Suffolk | 2/2/2017 |
Sal N. DiDomenico | Middlesex and Suffolk | 1/26/2017 |
James B. Eldridge | Middlesex and Worcester | 1/26/2017 |
Carlos González | 10th Hampden | 2/1/2017 |
Kevin G. Honan | 17th Suffolk | 2/2/2017 |
Elizabeth A. Malia | 11th Suffolk | 2/3/2017 |
Juana B. Matias | 16th Essex | 2/1/2017 |
Leonard Mirra | 2nd Essex | 1/26/2017 |
Daniel J. Ryan | 2nd Suffolk | 1/27/2017 |
Chris Walsh | 6th Middlesex | 2/2/2017 |
Bud Williams | 11th Hampden | 1/30/2017 |
HOUSE DOCKET, NO. 1424 FILED ON: 1/18/2017
HOUSE . . . . . . . . . . . . . . . No. 121
By Ms. Tyler of Boston, a petition (accompanied by bill, House, No. 121) of Chynah Tyler and others relative to preventing funds deposited in children’s savings accounts from counting against cash assistance benefits. Children, Families and Persons with Disabilities. |
The Commonwealth of Massachusetts
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In the One Hundred and Ninetieth General Court
(2017-2018)
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An Act preventing funds deposited in children’s savings accounts from counting against cash assistance benefits.
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
SECTION 1. Notwithstanding any general or special law or regulation to the contrary, the department of transitional assistance shall allow funds deposited by a recipient of cash assistance under transitional aid to families with dependent children in an account designated in a child’s name intended to pay for higher education such as a children’s savings account or other long-term asset-building account established for a child and annually grown over the course of his or her lifetimes to accumulate assets outside of the asset limit in said accounts. The funds deposited in said accounts shall be used to help recipients save for the costs related to higher education or any other expense that the department determines will aid a recipient. The funds deposited in said accounts shall not be included as a countable asset under 106 CMR 204.120.
SECTION 2. This act shall take effect upon its passage.