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 § 35-24-6

Title 35Public Finance

Ch. 35-24Rhode Island Baby Bond Trust

This text of Rhode Island § 35-24-6 (§ 35-24-6. Monies invested in trust not considered assets or income.) is published on Counsel Stack Legal Research, covering Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

R.I. Gen. Laws § 35-24-6 (2026).

Text

§ 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.