2016
Regular Session
Mississippi Achieving a Better Life Experience (ABLE) Act; create.
AN ACT TO CREATE THE MISSISSIPPI ACHIEVING A BETTER LIFE EXPERIENCE (ABLE) ACT; TO DEFINE CERTAIN TERMS AND PHRASES RELATING TO THE MISSISSIPPI ABLE PROGRAM; TO ESTABLISH AND PRESCRIBE THE POWERS OF THE STATE TREASURER RELATING TO THE ADMINISTRATION OF THE MISSISSIPPI ABLE PROGRAM; TO PRESCRIBE CERTAIN TERMS OF ABLE TRUST AGREEMENTS ENTERED INTO UNDER THE PROGRAM; TO ESTABLISH THE ABLE TRUST FUND; TO EXEMPT PROPERTY IN THE TRUST FUND FROM TAXATION AND TO ESTABLISH DEDUCTIONS FOR PAYMENTS TO ABLE ACCOUNTS; TO PRESCRIBE THE AUTHORITY OF THE STATE TREASURER TO INVEST FUNDS IN THE TRUST FUND; TO REQUIRE THE STATE TREASURER TO PROVIDE ANNUAL ACCOUNTING STATEMENTS; TO REQUIRE THE STATE TREASURER TO ESTABLISH AND ADMINISTER THE MISSISSIPPI ABLE PROGRAM BY JULY 1, 2017; TO SPECIFY THE REQUIREMENTS THAT MUST BE MET BEFORE IMPLEMENTATION OF THE PROGRAM; TO REQUIRE A PARTICIPATION AGREEMENT FOR THE PROGRAM WHICH CONTAINS SPECIFIED PROVISIONS AUTHORIZING OTHER PROVISIONS THAT MAY BE INCLUDED IN THE AGREEMENT; TO PROVIDE FOR THE AMENDMENT OF THE AGREEMENT UNDER CERTAIN CIRCUMSTANCES; TO PROVIDE FOR THE USE OF THE BALANCE OF AN ABANDONED ABLE ACCOUNT BY THE STATE TREASURER; TO PROVIDE THAT A CONTRACT OR PARTICIPATION AGREEMENT ENTERED INTO BY THE STATE TREASURER OR AN OBLIGATION OF THE STATE TREASURER DOES NOT CONSTITUTE A DEBT OR OBLIGATION OF THE STATE OF MISSISSIPPI; TO AUTHORIZE THE STATE TREASURER TO CONTRACT WITH OTHER STATES FOR SPECIFIED PURPOSES UNDER CERTAIN CIRCUMSTANCES; TO PROVIDE FOR THE TERMINATION OF THE PROGRAM UNDER CERTAIN CIRCUMSTANCES AND FOR THE DISPOSITION OF CERTAIN ASSETS UPON TERMINATION; TO PROHIBIT THE STATE FROM LIMITING OR ALTERING THE SPECIFIED VESTED RIGHTS OF DESIGNATED BENEFICIARIES EXCEPT UNDER SPECIFIED CIRCUMSTANCES; TO REQUIRE THE STATE TREASURER TO ESTABLISH A COMPREHENSIVE INVESTMENT PLAN FOR THE PROGRAM; TO EXEMPT FUNDS PAID INTO THE PROGRAM'S TRUST FUND FROM THE CLAIMS OF SPECIFIED CREDITORS; TO PROVIDE FOR RECOVERY BY THE DIVISION OF MEDICAID OF CERTAIN MEDICAL ASSISTANCE PROVIDED TO A DECEASED DESIGNATED BENEFICIARY; TO PROVIDE FOR THE DISTRIBUTION OF THE BALANCE OF A DECEASED DESIGNATED BENEFICIARY'S ABLE ACCOUNT; TO REQUIRE THE STATE TREASURER TO ASSIST AND COOPERATE WITH THE APPROPRIATE AGENCY FOR HEALTH CARE ADMINISTRATION AND DIVISION OF MEDICAID PROGRAM IN OTHER STATES BY PROVIDING SPECIFIED INFORMATION; TO AMEND SECTION 27-7-15, MISSISSIPPI CODE OF 1972, TO EXCLUDE PAYMENTS TO AN ABLE ACCOUNT FROM THE DEFINITION OF GROSS INCOME FOR INCOME TAX PURPOSES; TO AMEND SECTIONS 27-7-17 AND 27-7-18, MISSISSIPPI CODE OF 1972, IN CONFORMITY TO THE PROVISIONS OF THIS ACT; AND FOR RELATED PURPOSES.
03/22/16 at 17:54
S
B
2607
Senate Bill 2607
SB 2607
S
Dead
General Bill/Constitutional Amendment
No
Three/Fifths
** See Text
Public Health and Human Services
T
../../House_cmtes/PH.xml
Revenue and Expenditure General Bills
F
../../House_cmtes/GB.xml
Finance
F
../../Senate_cmtes/FI.xml
Blackwell
../../Senate_authors/Blackwell.xml
Parker
../../Senate_authors/Parker.xml
Caughman
../../Senate_authors/Caughman.xml
Massey
../../Senate_authors/Massey.xml
Jackson (11th)
../../Senate_authors/Jackson_(11th).xml
A
../../code_sections/027/00070015.xml
A
../../code_sections/027/00070017.xml
A
../../code_sections/027/00070018.xml
1
02/08 (S) Referred To Finance
2
02/23 (S) Title Suff Do Pass Comm Sub
3
03/03 (S) Committee Substitute Adopted
4
03/03 (S) Passed
../../../../2016/pdf/votes/senate/0590004.pdf
5
03/04 (S) Transmitted To House
6
03/14 (H) Referred To Public Health and Human Services;Revenue and Expenditure General Bills
7
03/22 (H) Died In Committee
../../../../documents/2016/pdf/SB/2600-2699/SB2607PS.pdf
../../../../documents/2016/dt/SB/2600-2699/SB2607PS.pdf
../../../../documents/2016/html/SB/2600-2699/SB2607PS.htm
../../../../documents/2016/pdf/SB/2600-2699/SB2607IN.pdf
../../../../documents/2016/dt/SB/2600-2699/SB2607IN.pdf
../../../../documents/2016/html/SB/2600-2699/SB2607IN.htm
../../../../documents/2016/pdf/SB/2600-2699/SB2607CS.pdf
../../../../documents/2016/dt/SB/2600-2699/SB2607CS.pdf
../../../../documents/2016/html/SB/2600-2699/SB2607CS.htm
../../../../documents/2016/pdf/SB/2600-2699/SB2607PS.pdf
../../../../documents/2016/dt/SB/2600-2699/SB2607PS.pdf
../../../../documents/2016/html/SB/2600-2699/SB2607PS.htm
N
../../../../documents/2016/pdf/fiscalnotes/SB2607.pdf