Under current law, the Wallace-Folsom College Savings Investment Plan consists of both the Alabama Prepaid Affordable College Tuition (PACT) Program and the Alabama College Education Savings (ACES) Program. Both the PACT and ACES Programs are governed by the same ten-member board of directors.
This bill would provide that the PACT Program would be governed by its own board of directors and would also provide for the composition and duties of such board of directors.
Read for the first time and referred to the Senate committee on Finance and Taxation Education
Engrossed
Motion to Read a Third Time and Pass adopted Roll Call 430
Motion to Adopt adopted Roll Call 429
Education Appropriations first Substitute Offered
Third Reading Passed
Read for the second time and placed on the calendar with 1 substitute and
Read for the first time and referred to the House of Representatives committee on Education Appropriations
Source: Alabama Legislature