Fiscal Note - SB 0293 - Value of Preneed Funeral Contract Will Not Be Considered An Asset For Public Assistance Purposes
L.R. NO. 1019-02
BILL NO. SB 293
SUBJECT: Public Assistance, Funerals
TYPE: Original
DATE: January 31, 1997
FISCAL SUMMARY
ESTIMATED NET EFFECT ON STATE FUNDS
FUND AFFECTED FY 1998 FY 1999 FY 2000
None
Total Estimated
Net Effect on All
State Funds $0 $0 $0
ESTIMATED NET EFFECT ON FEDERAL FUNDS
FUND AFFECTED FY 1998 FY 1999 FY 2000
None
Total Estimated
Net Effect on All
Federal Funds $0 $0 $0
ESTIMATED NET EFFECT ON LOCAL FUNDS
FUND AFFECTED FY 1998 FY 1999 FY 2000
Local Government $0 $0 $0
FISCAL ANALYSIS
ASSUMPTION
Officials of the Department of Social Services indicated existing resources
could be used to handle any increase in the number of individuals eligible
for assistance.
FISCAL IMPACT - State Government FY 1998 FY 1999 FY 2000
(10 Mo.)
0 0 0
FISCAL IMPACT - Local Government FY 1998 FY 1999 FY 2000
(10 Mo.)
0 0 0
FISCAL IMPACT - Small Business
No direct fiscal impact to small businesses would be expected as a result of
this proposal.
DESCRIPTION
The proposal would exempt the value of preneed funeral services pursuant to
an irrevocable prearranged funeral or burial contract when determining
eligibility and the amount of benefits to be granted under federally aided
programs.
This legislation is not federally mandated, would not duplicate any other
program, and would not require additional capital improvements or rental
space.
SOURCES OF INFORMATION
Department of Social Services
This Fiscal Note is not an official copy and should not be quoted or cited.