Struck = removed from the bill ยท
added = the amendment's new text.
FirstHB1280_H_PHC.001 RegularHOUSE SessionCOMMITTEE Seventy-firstOF GeneralREFERENCE AssemblyREPORT STATE_______________________________ OFMarch COLORADO28, REENGROSSED2017 ThisChairman Versionof IncludesCommittee AllDate AmendmentsCommittee Adoptedon inPublic theHealth HouseCare of& IntroductionHuman LLSServices NO..
17-1094.01After Janeconsideration Ritteron x4342the HOUSEmerits, BILLthe 17-1280Committee HOUSErecommends SPONSORSHIPthe Michaelsonfollowing: Jenet and Young, SENATE SPONSORSHIP Gardner, House Committees Senate Committees Public Health Care & Human Services A BILL FOR AN ACT C ONCERNING CONFORMING C OLORADO STATUTORY LANGUAGE RELATED TO DISABILITY TRUSTS TO THE FEDERAL "21 ST C ENTURY CURES ACT ".
BillHB17-1280 Summarybe damended (Note:as follows, and as so amended, be referred to the Committee of the Whole with favorable recommendation:
ThisAmend summaryprinted appliesbill, topage this2, billline as3, introducedstrike and"(1) doesand". d notreflectanyamendmentsthatmaybesubsequentlyadopted.Ifthisbill e 7 E a 0 passes third reading in the house of introduction, a bill summary that S U , applies to the reengrossed version of this bill will be available at O i i H a p http://leg.colorado.gov.) R A r The bill conforms Colorado statutory language relating to the creationof a disabilitytrust to conformto the languageestablishedinthe federal "21st Century Cures Act".
Specifically,Page it2, clarifiesstrike thatlines the4 nthrough 712 individualand whosubstitute: is the beneficiary of a disability trust can also be the d 0 person who establishes such trust.
E"15-14-412.8. e , U d 3 O 2 h Shading denotes HOUSE amendment.
DoubleDisability underliningtrusts denotes- SENATElimitations. amendment.
H(2) dA adisability Capitaltrust lettersis indicatenot newvalid materialfor tothe bepurpose addedof toestablishing existingor". statute.
dPage M2, Dashesstrike throughline the18 wordsand indicatesubstitute deletions"INDIVIDUAL from, existingthe statute.individual's parent,HEINDIVIDUAL Sgrandparent,THEINDIVIDUAL S guardian,orby".
e** m*** A** Be*** it** enacted*HB1280_H_PHC.001* by the General Assembly of the State of Colorado:
SECTION1.
InColoradoRevisedStatutes,15-14-412.8,amend (2)(a) as follows:
15-14-412.8.
Disabilitytrusts-limitations.(2) Adisabilitytrust is not valid for the purpose of establishing or maintaining a person's resourceeligibilityformedicalassistanceunlessthetrustmeetsallof the following criteria:
(a) The trust is funded by assets of an individual under age sixty-five who is disabled as defined in 42 U.S.C.
sec.
1382c (a)(3), as amended, and which is established for the benefit of such individual by THE INDIVIDUAL, the individual's pareTHE INDIVIDUAL'Sgrandparent, THE INDIVIDUAL'Sguardian, or by the court.
SECTION 2.
Safety clause.
The general assemblyherebyfinds, determines, and declares that this act is necessary for the immediate preservation of the public peace, health, and safety.
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