Pooled Trust Transfers/Public Benefits Elig.
SB 344 ensures that North Carolina seniors aged 65+ who transfer funds into qualifying pooled special needs trusts (meeting federal standards) won't lose Medicaid or State-County Special Assistance eligibility. The bill requires the state health department to update eligibility rules so these transfers are treated as "fair market value" transactions - meaning the funds aren't counted against benefit eligibility if the trust uses the money to provide goods/services equal to the transfer value within the senior's life expectancy. It directly affects seniors using these trusts to manage assets while maintaining public benefits. The law amends state rules to align with federal guidelines (42 U.S.C. § 1396p(d)(4)(C)) and takes effect upon enactment.
Bill status
signed
all 5 stages cleared
Introduction
Mar 2025
Committee Review
Jun 2025
Senate Passage
Apr 2025
House Passage
Jun 2025
Signed into Law
Jun 2025
Introduced Mar 19, 2025
Signed Jun 26, 2025
Maddy AI version diff · 4 comparisons
What changed between versions
Ratified
→
SL 2025-24
·
3 edits
MINOR
The bill was formally ratified and signed into law as Session Law 2025-24, changing its status from a proposed Senate Bill to an enacted statute. The substantive policy content of the bill remains unchanged, with only the signature page and effective date information being updated to reflect the ratification process.
TECHNICAL
Removed the 'Ratified Bill' designation and replaced it with 'Session Law 2025-24' to indicate the bill has been enacted.
Reordered the signatures on the signature page to reflect the proper sequence of ratification, placing the Senate President and House Presiding Officer signatures before the Governor's signature.
TIMELINE
Added the specific approval timestamp '9:43 a.m. this 26th day of June, 2025' to the signature page.
Floor votes · Senate Apr 15, 2025 · House Jun 18, 2025
How they voted
49–0
Passed · 2 other
Total votes 51
Apr 15, 2025
D
Democratic20
95% Yea
R
Republican31
96% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
29
Key actions
8
Committee
10
Jun 26, 2025
Signed into law
Signed by Gov. 6/26/2025
executive
Jun 18, 2025
Lower · Passed
Passed 3rd Reading
lower
Jun 18, 2025
Lower · Passed
Reptd Fav
lower
Jun 17, 2025
Committee
Re-ref Com On Rules, Calendar, and Operations of the House
lower
Jun 17, 2025
Lower · Passed
Reptd Fav
lower
Jun 9, 2025
Committee
Re-ref to the Com on Judiciary 1, if favorable, Rules, Calendar, and Operations of the House
lower
Apr 28, 2025
Committee
Ref To Com On Rules, Calendar, and Operations of the House
lower
Apr 15, 2025
Upper · Passed
Passed 3rd Reading
upper
Apr 14, 2025
Upper · Passed
Reptd Fav
upper
Apr 9, 2025
Committee
Re-ref Com On Rules and Operations of the Senate
upper
Apr 9, 2025
Upper · Passed
Com Substitute Adopted
upper
Apr 9, 2025
Upper · Passed
Reptd Fav Com Substitute
upper
Mar 24, 2025
Committee
Re-ref to Health Care. If fav, re-ref to Rules and Operations of the Senate
upper
Mar 20, 2025
Committee
Ref To Com On Rules and Operations of the Senate
upper
Mar 19, 2025
Introduced
Filed
upper
2 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
P
Amy Galey
RRepublican
P
Carl Ford
RRepublican
Co
Ted Alexander
RRepublican
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