Assembly Bill A5156

2015-2016 Legislative Session

Exempts certain funds in a qualified tuition program in the calculation of household benefits under public assistance programs

download bill text pdf

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Archive: Last Bill Status - In Assembly Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2015-A5156 (ACTIVE) - Details

See Senate Version of this Bill:
S4344
Current Committee:
Assembly Social Services
Law Section:
Social Services Law
Laws Affected:
Amd ยง131-n, Soc Serv L
Versions Introduced in Other Legislative Sessions:
2017-2018: A4371, S9035
2019-2020: A5016, S1089

2015-A5156 (ACTIVE) - Summary

Exempts certain funds in a qualified tuition program in the calculation of household benefits under public assistance programs.

2015-A5156 (ACTIVE) - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  5156

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                            February 12, 2015
                               ___________

Introduced  by M. of A. TITUS -- read once and referred to the Committee
  on Social Services

AN ACT to amend the  social  services  law,  in  relation  to  exempting
  certain  funds  in  a  qualified tuition program in the calculation of
  household benefits under public assistance programs

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1. Subdivision 1 of section 131-n of the social services law,
as amended by chapter 373 of the laws of 2003, paragraph (c) as  amended
by  section 5 of part J of chapter 58 of the laws of 2014, is amended to
read as follows:
  1. The following resources shall be exempt and disregarded  in  calcu-
lating  the amount of benefits of any household under any public assist-
ance program: (a) cash and liquid or nonliquid resources up to two thou-
sand dollars, or three thousand dollars in the  case  of  households  in
which  any  member  is  sixty years of age or older, (b) an amount up to
four thousand six hundred fifty  dollars  in  a  separate  bank  account
established  by  an  individual while currently in receipt of assistance
for the sole purpose of enabling the individual to purchase a  first  or
replacement  vehicle  for  the  recipient  to  seek,  obtain or maintain
employment, so long as the funds are not used for any other purpose, (c)
an amount up to one thousand four hundred dollars  in  a  separate  bank
account  established  by  an  individual  while  currently in receipt of
assistance for the purpose of paying tuition at a two-year or  four-year
accredited  post-secondary educational institution, so long as the funds
are not used for any other purpose, (d) the  home  which  is  the  usual
residence  of the household, (e) one automobile, up to four thousand six
hundred fifty dollars fair market value, provided, however, that if  the
automobile  is  needed  for the applicant or recipient to seek or retain
employment or travel to and from work activities as defined  in  section
three hundred thirty-six of this chapter, the automobile exemption shall

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD05857-01-5
              

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