Section 6-8A-6 - State as creditor of account.

NM Stat § 6-8A-6 (2019) (N/A)
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Subject to any outstanding payments due for qualified disability expenses, upon the death of the designated beneficiary, an amount equal to the total medical assistance paid for the designated beneficiary after the establishment of the account shall be distributed to the state from funds remaining in the account upon filing of a claim for payment by the state. For purposes of this section, the state shall be a creditor of an account and not a beneficiary.

History: Laws 2016, ch. 40, § 6.

Emergency clauses. — Laws 2016, ch. 40, § 11 contained an emergency clause and was approved March 3, 2016.

Applicability. — Laws 2016, ch. 40, § 10 provided that the provisions of Laws 2016, ch. 40 apply to taxable years beginning on or after January 1, 2016.