Rhode Island § 35-24-6 § 35-24-6. Monies invested in trust not considered assets or income.

Rhode Island Statutes

§ 35-24-6 — § 35-24-6. Monies invested in trust not considered assets or income.

Rhode Island·Title 35 Public Finance·Ch. 35-24 Rhode Island Baby Bond Trust

§ 35-24-6. Monies invested in trust not considered assets or income.
Except as otherwise required by federal law, any money deposited into the trust and
            credited to a designated beneficiary, and any increase in the values thereof, shall
            not be used to calculate the personal assets of a designated beneficiary for purposes
            of determining income eligibility of the designated beneficiary for state or local
            assistance programs including:
         
(1) Any disability, medical, or other health benefits administered by the state; and
         
(2) Any student loan program, student grant program, or other

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§ 35-24-6. Monies invested in trust not considered assets or income.

Except as otherwise required by federal law, any money deposited into the trust and credited to a designated beneficiary, and any increase in the values thereof, shall not be used to calculate the personal assets of a designated beneficiary for purposes of determining income eligibility of the designated beneficiary for state or local assistance programs including:

(1) Any disability, medical, or other health benefits administered by the state; and

(2) Any student loan program, student grant program, or other student financial program administered by the state.

Rhode Island § 35-24-6 (§ 35-24-6. Monies invested in trust not considered assets or income.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.