An Act to provide a pilot program for low interest loans to families with a child suffering from a terminal illness

This bill establishes a pilot program in Massachusetts to offer one-time, low-interest loans of up to $10,000 to families with children diagnosed with a terminal illness. To qualify, the child's condition must be defined as likely causing death within six months, and the funds can only be used for expenses directly related to the child's care. The Department of Health and Human Services will manage the program, setting interest rates at either 2% or the current market rate, whichever is higher, with repayment beginning one year after the loan is issued. Recipients must provide proof of expenses, and failure to follow the loan agreement terms could increase the interest rate to 15%.