04RS HB517

HB517

WWW Version

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HB 517 (BR 1879) - G. Lindsay

     AN ACT relating to the administration of trusts and estates.
     Amend KRS 386.130 to remove gender specific language.

HB 517 - AMENDMENTS


     HCS - Delete original provisions of the bill and insert new provisions to adopt the Kentucky Principal and Income Act by creating new sections to KRS Chapter 386; establish definitions; establish provisions pertaining to decedent's estate or terminating income interest; establish apportionment at beginning and end of income interest; establish allocation of receipts during administration of trust; establish allocation of disbursements during administration of trust; establish miscellaneous provisions; repeal the Kentucky Revised Uniform Principal and Income Act.

     Feb 17-introduced in House
     Feb 18-to Banking and Insurance (H); reassigned to Judiciary (H)
     Feb 19-posted in committee
     Feb 25-reported favorably, 1st reading, to Calendar with Committee Substitute
     Feb 26-2nd reading, to Rules; posted for passage in the Regular Orders of the Day for Friday, February 27, 2004
     Mar 5-3rd reading, passed 86-1 with Committee Substitute
     Mar 8-received in Senate
     Mar 9-to Judiciary (S)
     Mar 18-reported favorably, 1st reading, to Consent Calendar
     Mar 19-2nd reading, to Rules; posted for passage in the Consent Orders of the Day for Thursday, March 25, 2004
     Mar 25-passed over and retained in the Consent Orders of the Day
     Mar 26-passed over and retained in the Consent Orders of the Day
     Mar 29-3rd reading, passed 38-0
     Apr 12-received in House; enrolled, signed by Speaker of the House
     Apr 13-enrolled, signed by President of the Senate; delivered to Governor
     Apr 22-signed by Governor (Acts ch. 158)


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