|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Oct 03, 2019||signed chap.329|
|Oct 01, 2019||delivered to governor|
|Jun 19, 2019||returned to senate|
|Jun 18, 2019||ordered to third reading rules cal.291|
substituted for a7817
|Jun 14, 2019||referred to ways and means|
delivered to assembly
ordered to third reading cal.1387
committee discharged and committed to rules
|May 07, 2019||reported and committed to finance|
|Apr 29, 2019||referred to social services|
senate Bill S5402Signed By Governor
Current Bill Status - Signed by Governor
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed by Governor
S5402 (ACTIVE) - Details
- See Assembly Version of this Bill:
- Law Section:
- Social Services Law
- Laws Affected:
- Amd §131-n, Soc Serv L
S5402 (ACTIVE) - Sponsor Memo
BILL NUMBER: S5402 SPONSOR: PERSAUD TITLE OF BILL: An act to amend the social services law, in relation to exempting certain funds in a NY ABLE savings account in the calcu- lation of household benefits under public assistance programs PURPOSE OF BILL: This legislation will exempt or disregard funds in a New York Achieving a Better Life Experience (NY ABLE) savings account from assets limit tests to qualify or recertify for public assistance. SUMMARY OF SPECIFIC PROVISIONS: Section 1. Subdivision 1 of section 131-n of the social services law, as amended by section 1 of part x of chapter 54 of the laws of 2016 is amended to include the exemption of funds in NY ABLE savings accounts. Section 2. Sets forth the effective date.
S5402 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5402 2019-2020 Regular Sessions I N S E N A T E April 29, 2019 ___________ Introduced by Sen. PERSAUD -- read twice and ordered printed, and when printed to be committed to the Committee on Social Services AN ACT to amend the social services law, in relation to exempting certain funds in a NY ABLE savings account 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 section 1 of part X of chapter 54 of the laws of 2016, 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 ten thousand dollars fair market value, through March thirty-first, two thousand seventeen; one automobile, up to eleven thousand dollars fair market value, from April first, two thousand seventeen through March thirty- first, two thousand eighteen; and one automobile, up to twelve thousand dollars fair market value, beginning April first, two thousand eighteen EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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