SB189 Alabama 2018 Session
Summary
- Primary Sponsor
-
Dick BrewbakerRepublican - Session
- Regular Session 2018
- Title
- Wallace-Folsom Savings Investment Plan, certain contributions to savings accounts by guardians and conservators, authorized, Secs. 16-33C-1, 16-33C-3, 16-33C-10,16-33C-25 am'd.
- Description
Under existing law, the Wallace-Folsom Savings Investment Plan, administered by the State Treasurer, consists of the ABLE Program, ACES Program, and the PACT Program.
This bill would authorize a contribution to, and continued investment in, an ACES Program or ABLE Program savings account for a designated beneficiary by the guardian or conservator of the designated beneficiary.
This bill would also conform the applicable code sections to the recent amendments to Section 529 of the Internal Revenue Service Code.
- Subjects
- Education
Bill Actions
Pending third reading on day 19 Favorable from Financial Services
Read for the second time and placed on the calendar
Read for the first time and referred to the House of Representatives committee on Financial Services
Motion to Read a Third Time and Pass adopted Roll Call 346
Third Reading Passed
Brewbaker motion to Carry Over to the Call of the Chair adopted Voice Vote
Third Reading Carried Over to Call of the Chair
Read for the second time and placed on the calendar
Read for the first time and referred to the Senate committee on Education and Youth Affairs
Bill Text
Votes
Documents
Source: Alabama Legislature