This is not the official budget document.

Budget Summary FY2017

Outside Section 123
Data Current as of:  8/9/2016




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College Savings Account Assets II

SECTION 123.   Subsection (b) of section 110 of chapter 5 of the acts of 1995 is hereby amended by striking out the words "and provided further, that the commissioner, deputy commissioner or an assistant commissioner may grant a full or partial written waiver for a vehicle valued in excess of $15,000 that the commissioner, deputy commissioner or assistant commissioner determines is necessary for a particular employment or family circumstance", inserted by section 22 of chapter 158 of the acts of 2014, and inserting in place thereof the following words:- provided further, that the commissioner, deputy commissioner or an assistant commissioner may grant a full or partial written waiver for a vehicle valued in excess of $15,000 that the commissioner, deputy commissioner or assistant commissioner determines is necessary for a particular employment or family circumstance; and provided further, that an assistance unit shall be allowed the value and balance of a college savings plan established and maintained pursuant to, or consistent with, section 529 of the Internal Revenue Code.