Bill Title: Amends the State Treasurer Act. Provides that for purposes of the ABLE account program, a designated beneficiary means the ABLE account owner. Provides that upon the death of a designated beneficiary, proceeds from an account may be transferred pursuant to a payable on death account agreement. Provides that upon the death of a designated beneficiary, the State Treasurer may require verification that the funeral and burial expenses of the designated beneficiary have been paid. Makes conforming changes. Effective immediately.

Spectrum: Partisan Bill (Democrat 7-0)

Status: (Passed) 2021-08-16 - Public Act . . . . . . . . . 102-0392 [HB1836 Detail]

Text: Latest bill text (Chaptered) [HTML]

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Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Representative Bob Morgan [D]	Primary	Sponsored Bills	HD-058	FollowTheMoney	Ballotpedia	VoteSmart
Representative Dagmara Avelar [D]	Cosponsor	Sponsored Bills	HD-085	FollowTheMoney	Ballotpedia	VoteSmart
Representative Stephanie Kifowit [D]	Cosponsor	Sponsored Bills	HD-084	FollowTheMoney	Ballotpedia	VoteSmart
Representative Suzanne Ness [D]	Cosponsor	Sponsored Bills	HD-066	FollowTheMoney	Ballotpedia	VoteSmart
Representative Carol Ammons [D]	Cosponsor	Sponsored Bills	HD-103	FollowTheMoney	Ballotpedia	VoteSmart
Senator Laura Fine [D]	Primary	Sponsored Bills	SD-009	FollowTheMoney	Ballotpedia	VoteSmart
Senator Scott Bennett [D]	Cosponsor	Sponsored Bills	SD-052	FollowTheMoney	Ballotpedia	VoteSmart

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