HB 17-1280
signedDisability Trusts 21st Century Cures Act Language
Plain-English Summary
AI-generatedHB 17-1280 updates Colorado’s laws about disability trusts to match federal guidelines set by the '21st Century Cures Act'. This means that a person with a disability can now create their own trust, which wasn’t always allowed before. The bill affects individuals who need to establish a disability trust for managing their financial affairs and receiving benefits like Medicaid. Since it has been signed into law, people in Colorado can now legally set up these trusts on their own behalf.
Official Summary
The bill conforms Colorado statutory language relating to the creation of a disability trust to conform to the language established in the federal '21st Century Cures Act'. Specifically, it clarifies that the individual who is the beneficiary of a disability trust can also be the person who establishes such trust. (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)
Details
- Chamber
- House
- First action
- 2017-05-23
- Latest action
- 2017-03-21
- Last action desc.
- Introduced In House - Assigned to Public Health Care & Human Services
- OpenStates
- View source ↗