SB17 Alabama 2018 Session

Sponsors

Session

Regular Session 2018

Title

Alabama Family Trust Corporation, compliance with federal Social Security law and rules, provisions for successor life beneficiary deleted, disbursement of remainder including reimbursement for medical assistance, trust not to affect Medicaid approps, Secs. 38-9B-2, 38-9B-3, 38-9B-5 am'd.

Description

<p class="bill_description"> Under existing law, the Alabama Family Trust (AFT Trust) has been established to receive funds used to enhance the provision of medical, social, or supplemental services to life beneficiaries who suffer a mental or physical disability. Existing state law does not require the Alabama Family Trust Corporation to comply with the federal Social Security Administration laws and rules</p><p class="bill_description"> This bill would specify that the Alabama Family Trust Corporation would take all steps necessary to comply with all rules of the Social Security Administration. The bill would delete provisions providing for a successor life beneficiary and would provide, upon termination of the trust under certain conditions, for disbursement of the remainder, including reimbursement of governmental entities for medical assistance. The bill would also specify that the AFT Trust would not affect appropriations to the Alabama Medicaid Agency</p><p class="bill_entitled_an_act"> Relating to the Alabama Family Trust (AFT Trust) and the Alabama Family Trust Corporation (AFT Corporation); to amend Sections 38-9B-2, 38-9B-3, and 38-9B-5 of the Code of Alabama 1975; to specify that the Alabama Family Trust Corporation would take all steps necessary to comply with all rules of the Social Security Administration; to delete provisions providing for a successor life beneficiary and provide for disbursement of the trust upon termination of the trust under certain conditions; and to specify that the AFT Trust would not affect appropriations to the Alabama Medicaid Agency. </p>

Subjects

Alabama Family Trust