Bill Status of HB5806 99th General Assembly
Short Description: CHILD MODEL TRUST FUND TO WORK
Rep. Michelle Mussman
| 1/10/2017||House||Session Sine Die|
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Child Labor Law. Provides that, before a child may be issued a permit to work as a model, a trust account must be established providing, at a minimum, that: at least 15% (or a greater percentage as determined by rule) of the gross earnings of the child model shall be deposited into the account; the funds in the account shall be available only to the child model; the funds shall be held by a bank, corporate fiduciary, or trust company, as those terms are defined in the Corporate Fiduciary Act; and the funds in the account shall become available to the child model upon the child model attaining the age of 18 years. Provides that the Department of Labor shall adopt rules to implement these provisions.