By: Cain S.B. No. 912
A BILL TO BE ENTITLED
AN ACT
1-1 relating to trusts for certain minors or incapacitated persons.
1-2 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-3 SECTION 1. Section 142.005, Property Code, is amended by
1-4 adding Subsection (g) to read as follows:
1-5 (g) Notwithstanding any other provision of this chapter, if
1-6 the court finds that it would be in the best interests of the minor
1-7 or incapacitated person for whom a trust is created under this
1-8 section, the trust may contain provisions determined by the court
1-9 to be necessary to establish a special needs trust as specified
1-10 under 42 U.S.C. Section 1396p(d)(4)(A).
1-11 SECTION 2. The importance of this legislation and the
1-12 crowded condition of the calendars in both houses create an
1-13 emergency and an imperative public necessity that the
1-14 constitutional rule requiring bills to be read on three several
1-15 days in each house be suspended, and this rule is hereby suspended,
1-16 and that this Act take effect and be in force from and after its
1-17 passage, and it is so enacted.