HB 13/FN (BR 24) - C. Rollins II, S. Brinkman, L. Clark, D. Graham, J. Greer, J. Jenkins, J. Richards, J. Tilley, R. Weston
AN ACT creating the Kentucky Family Trust Program.
Create various new sections of KRS Chapter 194A to establish a Kentucky Family Trust Program allowing a board to establish and operate a trust program to manage funds placed in the trust for the benefit of person's with special health care needs, where the funds provided by the trust to the beneficiary act as a supplement to state provided assistance for certain designated expenses.
HB 13 - AMENDMENTS
HFA (1, J. Vincent) - Amend provision relating to a trustee immunity to allow a suit based upon the gross negligence of the trustee.
HFA (2, J. Vincent) - Amend to limit recoupment provisions relating to a trust established by virtue of a personal injury action to specify that recoupment is not required as to amounts previously paid or compromised or where not required by federal law.
HFA (3, C. Rollins II) - Insert provision to allow the Board, if necessary to meet federal requirements relating to special needs trusts and supplemental needs trusts, to make adjustments to the program's requirements relating to the establishment, funding, withdrawal, and distribution of trust accounts.
(Prefiled by the sponsor(s).)
Jul 20-To: Interim Joint Committee on Health and Welfare
Dec 18-Approve as prefiled
Jan 8-introduced in House
Jan 9-to Appropriations & Revenue (H)
Jan 25-posted in committee
Jan 29-reported favorably, 1st reading, to Calendar; floor amendment (1) filed
Jan 30-2nd reading, to Rules; posted for passage in the Regular Orders of the Day for Thursday, January 31, 2008; floor amendment (2) filed
Jan 31-floor amendment (3) filed
Feb 4-3rd reading, passed 91-0 with floor amendments (1) (2) and (3)
Feb 5-received in Senate
Feb 7-to Health & Welfare (S)