Kentucky 2024 Regular Session Status: Enacted 1 R cosponsors

SB 158 — AN ACT relating to settlements with minors and declaring an emergency.

Last action — signed by Governor (Acts Ch.16)

Track this bill free

No card. One bill, free forever — alerts when it moves.

  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed Senate
  4. ✓
    Passed House
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced February 01, 2024. Enacted.

Signed by Governor Andy Beshear (Democratic) on March 29, 2024.

Prognosis

Likely to advance 72% · moderate confidence

Where this bill stands today.

Odds of enactment

High

How often bills like it became law.

  • Enacted

    Current position in the legislative process.

  • 1 sponsor

    1 primary, 0 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (1 R).

  • Cleared a recorded vote

    Passed 2 recorded votes so far.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Summary

Amend KRS 387.278, relating to certain settlements with minors, to establish provisions relating to the opening of restricted accounts and issuance of annuities on behalf of minors entering into settlements; EMERGENCY.

Bill Text

What changed in the latest version

110 added · 142 removed

110 line(s) added, 142 removed.

→
Previous
Latest
UNOFFICIAL COPY 24 RS SB 158/GA AN ACT relating to settlements with minors and declaring an emergency.
CHAPTER 16 1 CHAPTER 16 ( SB 158 ) AN ACT relating to settlements with minors and declaring an emergency.
Page 1 of 5 SB015810.100 - 1819 - XXXX 2/15/2024 3:10 PM GA UNOFFICIAL COPY 24 RS SB 158/GA (2) The attorney representing the person entering into the settlement agreement on behalf of the minor, if any, shall maintain the affidavit or verified statement completed under subsection (1)(d) of this section in the attorney's file for a period of five (5) years.
(2) The attorney representing the person entering into the settlement agreement on behalf of the minor, if any, shall maintain the affidavit or verified statement completed under subsection (1)(d) of this section in the attorney's file for a period of five (5) years.
To purchase an annuity by direct payment to the issuer of the annuity Page 2 of 5 SB015810.100 - 1819 - XXXX 2/15/2024 3:10 PM GA UNOFFICIAL COPY 24 RS SB 158/GA with the minor designated as the sole beneficiary of the annuity;
To purchase an annuity by direct payment to the issuer of the annuity with the minor designated as the sole beneficiary of the annuity;
and (c) If the minor is under the care, custody, and control of the Commonwealth, the Cabinet for Health and Family Services shall establish a restricted trust account, or subaccount of a trust account, that earns interest for the benefit of the minor, for the purpose of receiving moneys payable to the minor under the settlement agreement.
and Legislative Research Commission PDF Version ACTS OF THE GENERAL ASSEMBLY (c) If the minor is under the care, custody, and control of the Commonwealth, the Cabinet for Health and Family Services shall establish a restricted trust account, or subaccount of a trust account, that earns interest for the benefit of the minor, for the purpose of receiving moneys payable to the minor under the settlement agreement.
Page 3 of 5 SB015810.100 - 1819 - XXXX 2/15/2024 3:10 PM GA UNOFFICIAL COPY 24 RS SB 158/GA or (c) Upon the minor's death.
or (c) Upon the minor's death.
(7) A restricted savings or other restricted investment account that is opened and Page 4 of 5 SB015810.100 - 1819 - XXXX 2/15/2024 3:10 PM GA UNOFFICIAL COPY 24 RS SB 158/GA administered pursuant to this section shall be exempt from the provisions of KRS Chapter 393A until the earlier of one (1) of the circumstances set forth in subsection (4) of this section.
(7) A restricted savings or other restricted investment account that is opened and administered pursuant to this section shall be exempt from the provisions of KRS Chapter 393A until the earlier of one (1) of the circumstances set forth in subsection (4) of this section.
(b) An insurer who in good faith transfers funds at the direction of the settling minor or the minor's representatives into a restricted savings or other restricted investment account, or to purchase an annuity, shall not be liable to the minor or the minor's representatives for any claims arising from the use of those funds after the transfer is completed.
(b) An insurer who in good faith transfers funds at the direction of the settling minor or the minor's representatives into a restricted savings or other restricted investment account, or to purchase an CHAPTER 16 3 annuity, shall not be liable to the minor or the minor's representatives for any claims arising from the use of those funds after the transfer is completed.
Page 5 of 5 SB015810.100 - 1819 - XXXX 2/15/2024 3:10 PM GA
Signed by Governor March 29, 2024.
Legislative Research Commission PDF Version
⬇ Download PDF
View plain text versions (3)

How this bill changes current law

2 changes Share ↗

Compared against the Kentucky Revised Statutes as published AI-generated reading aid — verify against the official bill.

The bill amends KRS 387.278 to clarify the procedures for settlements involving minors, including the obligations of financial institutions and the binding effect of settlement agreements.

  • KRS 387.278

    [, ]

    The removal of the bracketed comma indicates a refinement in the formatting of the statute.

  • KRS 387.278

    and may be relied on by a financial institution or other entity, in lieu of a court order, when opening a restricted savings or other restricted investment account, or purchasing an annuity, on behalf of a minor pursuant to this section

    This change clarifies that the binding nature of settlement agreements does not require a court order for financial institutions when managing accounts for minors.

Action History

  1. signed by Governor (Acts Ch.16)

  2. delivered to Governor

  3. enrolled, signed by Speaker of the House

  4. enrolled, signed by President of the Senate

  5. received in Senate

  6. 3rd reading, passed 93-0

  7. posted for passage in the Regular Orders of the Day for Monday, March 25, 2024

  8. 2nd reading, to Rules

  9. reported favorably, 1st reading, to Calendar

  10. to Banking & Insurance (H)

  11. to Committee on Committees (H)

  12. received in House

  13. 3rd reading, passed 35-0

  14. posted for passage in the Regular Orders of the Day for Thursday, February 15, 2024

  15. 2nd reading, to Rules

  16. reported favorably, 1st reading, to Calendar

  17. to Banking & Insurance (S)

  18. to Committee on Committees (S)

  19. introduced in Senate

Sponsors

Sponsorship breakdown

Export CSV (upgrade) →

1 sponsors · 0 co-sponsors · 137 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (137)

137 members have not signed on to this bill.

Show all 137 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

Final Passage

Passed 93 Yea · 0 Nay · 7 Other
Party YeaNayPresentNot Voting
Democrat 13002
Republican 68005
Unaffiliated 12000
Total 93007
% of votes cast 93%0%0%7%
How each member voted (100)
Member Party Vote
Dixon — Yea
Heath — Yea
Bentley — Yea
Palumbo — Yea
Timoney — Yea
Justice — Yea
Pratt — Yea
Gilbert — Yea
Raymond — Yea
Graham — Yea
Bratcher K. — Yea
Stevenson C — Yea
Adrielle Camuel Democrat Yea
Al Gentry Democrat Yea
Ashley Tackett Laferty Democrat Yea
Beverly Chester-Burton Democrat Not Voting
Chad Aull Democrat Yea
Daniel Grossberg Democrat Yea
George Brown Jr. Democrat Yea
Keturah J. Herron Democrat Yea
Lindsey Burke Democrat Not Voting
Lisa Willner Democrat Yea
Nima Kulkarni Democrat Yea
Pamela Stevenson Democrat Yea
Rachel Roarx Democrat Yea
Sarah Stalker Democrat Yea
Tina Bojanowski Democrat Yea
Adam Bowling Republican Yea
Amy Neighbors Republican Yea
Bill Wesley Republican Yea
Bobby McCool Republican Not Voting
Candy Massaroni Republican Yea
Chris Freeland Republican Yea
Chris Fugate Republican Yea
DJ Johnson Republican Yea
Daniel Elliott Republican Yea
Daniel Fister Republican Yea
David Hale Republican Yea
David Meade Republican Yea
David W. Osborne Republican Yea
Deanna Gordon Republican Not Voting
Derek Lewis Republican Yea
Emily Callaway Republican Yea
Felicia Rabourn Republican Yea
James Tipton Republican Yea
Jared Bauman Republican Yea
Jason Nemes Republican Yea
Jason Petrie Republican Yea
Jennifer Decker Republican Yea
Jim Gooch Jr. Republican Yea
John Blanton Republican Yea
John Hodgson Republican Yea
Josh Branscum Republican Yea
Josh Bray Republican Yea
Josh Calloway Republican Yea
Ken Fleming Republican Yea
Ken Upchurch Republican Yea
Kevin Jackson Republican Yea
Kim Banta Republican Yea
Kim King Republican Yea
Kimberly Poore Moser Republican Yea
Marianne Proctor Republican Yea
Mark Hart Republican Yea
Mary Beth Imes Republican Yea
Matt Lockett Republican Yea
Matthew Koch Republican Yea
Michael Meredith Republican Yea
Michael Sarge Pollock Republican Yea
Mike Clines Republican Yea
Myron Dossett Republican Yea
Nancy Tate Republican Yea
Nick Wilson Republican Yea
Patrick Flannery Republican Yea
Peyton Griffee Republican Yea
Randy Bridges Republican Yea
Rebecca Raymer Republican Yea
Richard White Republican Yea
Robert Duvall Republican Yea
Ryan Dotson Republican Yea
Samara Heavrin Republican Yea
Savannah Maddox Republican Yea
Scott Lewis Republican Not Voting
Scott Sharp Republican Yea
Shane Baker Republican Yea
Shawn McPherson Republican Yea
Stephanie Dietz Republican Yea
Steve Bratcher Republican Yea
Steve Rawlings Republican Yea
Steve Riley Republican Not Voting
Steven Doan Republican Yea
Steven Rudy Republican Yea
Susan Witten Republican Yea
Suzanne Miles Republican Yea
T.J. Roberts Republican Yea
Thomas Huff Republican Yea
Timmy Truett Republican Yea
Tom Smith Republican Yea
Wade Williams Republican Yea
Walker Thomas Republican Yea
William Lawrence Republican Not Voting

Official roll call →

PASS SB 158

Passed 35 Yea · 0 Nay · 3 Other
Party YeaNayPresentNot Voting
Republican 26002
Unaffiliated 7000
Democrat 2001
Total 35003
% of votes cast 92%0%0%8%
How each member voted (38)
Member Party Vote
Schickel — Yea
Southworth — Yea
Westerfield — Yea
Thayer — Yea
Yates — Yea
Turner — Yea
Harper Angel — Yea
Cassie Chambers Armstrong Democrat Yea
Gerald A. Neal Democrat Yea
Karen Berg Democrat Not Voting
Amanda Mays Bledsoe Republican Not Voting
Brandon J. Storm Republican Yea
Christian McDaniel Republican Yea
Danny Carroll Republican Yea
David P. Givens Republican Yea
Donald Douglas Republican Yea
Gary Boswell Republican Yea
Greg Elkins Republican Yea
Jared Carpenter Republican Yea
Jason Howell Republican Not Voting
Jason Nemes Republican Yea
Jimmy Higdon Republican Yea
Julie Raque Adams Republican Yea
Lindsey Tichenor Republican Yea
Matthew Deneen Republican Yea
Max Wise Republican Yea
Michael Meredith Republican Yea
Nick Wilson Republican Yea
Phillip Wheeler Republican Yea
Rick Girdler Republican Yea
Robby Mills Republican Yea
Robert Stivers Republican Yea
Robin L. Webb Republican Yea
Shelley Funke Frommeyer Republican Yea
Stephen West Republican Yea
Tom Smith Republican Yea
Wade Williams Republican Yea
Walker Thomas Republican Yea

Official roll call →

Subjects

finance civil-rights
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does SB 158 do?
Amend KRS 387.278, relating to certain settlements with minors, to establish provisions relating to the opening of restricted accounts and issuance of annuities on behalf of minors entering into settlements; EMERGENCY.
Who sponsors SB 158?
SB 158 is sponsored by Rick Girdler (Republican).
What is the current status of SB 158?
This bill has been enacted into law. Introduced February 01, 2024. Enacted.
Where can I track SB 158?
Track SB 158 free on One Click Politics — get push/email alerts when it moves.

Make your voice heard on SB 158

Find the representatives who decide this bill and tell them where you stand — for yourself, or mobilize your whole list in one click with One Click Politics advocacy software.

Find my representatives → Run a campaign

Stay ahead of SB 158

Last checked for changes 2 months ago · updated continuously

One Click Politics tracks every bill in Congress and all 50 states.

Track this bill →