Illinois General Assembly - Bill Status for SB2602

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Bill Status of SB2602 98th General Assembly

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Short Description: AABD-RESOURCES-WARD OF COURT

Senate Sponsors
Sen. Heather A. Steans and Michael E. Hastings

Last Action

Date	Chamber	Action
1/13/2015	Senate	Session Sine Die

Statutes Amended In Order of Appearance

305 ILCS 5/3-1.2

from Ch. 23, par. 3-1.2

Synopsis As Introduced
Amends the Illinois Public Aid Code. In a provision concerning irrevocable trusts and financial exemptions under the Aid to the Aged, Blind, or Disabled program, provides that after a person reaches age 65, any funding by or on behalf of the person to the trust shall be treated as a transfer of assets for less than fair market value unless the person is a ward of the court, a county public guardian, or the State Guardian (rather than a ward of a county public guardian or the State Guardian) and lives in the community, or the person is a ward of the court, a county public guardian, or the State Guardian (rather than a ward of a county public guardian or the State Guardian) and a court has found that any expenditures from the trust will maintain or enhance the person's quality of life.

Actions

Date	Chamber	Action
10/9/2013	Senate	Filed with Secretary by Sen. Heather A. Steans
10/9/2013	Senate	First Reading
10/9/2013	Senate	Referred to Assignments
10/18/2013	Senate	Added as Co-Sponsor Sen. Michael E. Hastings
1/13/2015	Senate	Session Sine Die

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