New York S00246 amends the Welfare Reform Act to expand resource exemptions for public assistance applicants.

New York S00246 amends the Welfare Reform Act to expand resource exemptions for applicants for public assistance programs. The bill exempts certain resources from consideration when calculating benefits, including cash and liquid or nonliquid resources up to $10,000, specific bank accounts, retirement accounts, and 529 college savings plans. It also exempts funds in qualified tuition programs and New York achieving a better life experience savings accounts. The bill allows the Department of Social Services to exempt additional income and resources if required by federal law.

New York S00246 amends the Welfare Reform Act to expand resource exemptions for public assistance applicants.

New York S00246 amends the Welfare Reform Act to expand resource exemptions for applicants for public assistance programs. The bill exempts certain resources from consideration when calculating benefits, including cash and liquid or nonliquid resources up to $10,000, specific bank accounts, retirement accounts, and 529 college savings plans. It also exempts funds in qualified tuition programs and New York achieving a better life experience savings accounts. The bill allows the Department of Social Services to exempt additional income and resources if required by federal law.