H-1337

   Amend House File 648 as follows:
   1.  Page 1, after line 13 by inserting: 
   <Sec. ___.  Section 633C.4, subsection 2, Code 2015, is amended to read as follows:
   2.  The trustee of a medical assistance income trust or a medical assistance special needs trust is a fiduciary for purposes of chapter 633A and, in the exercise of the trustee’s fiduciary duties, the state shall be considered a beneficiary of the trust. Regardless of the terms of the trust, the trustee shall not take any action that is not prudent in light of the state’s interest in the trust.  Notwithstanding any provision of chapter 633A to the contrary, the trustee of a medical assistance special needs trust shall be subject to the jurisdiction of the district court sitting in probate and shall submit an accounting of the disposition of the trust to the district court sitting in probate on an annual basis.>
   2.  By renumbering as necessary.

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HEATON of Henry