SB189 Alabama 2018 Session
Bill Summary
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
Relating to the Wallace-Folsom Savings Investment Plan; to amend Sections 16-33C-1, 16-33C-3, 16-33C-10, and 16-33C-25, Code of Alabama 1975, to authorize certain contributions to, and investments in, ACES Program or ABLE Program savings accounts; and to conform the applicable code sections to the recent amendments to Section 529 of the Internal Revenue Service Code.
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| March 8, 2018 | H | Pending third reading on day 19 Favorable from Financial Services |
| March 8, 2018 | H | Read for the second time and placed on the calendar |
| February 8, 2018 | H | Read for the first time and referred to the House of Representatives committee on Financial Services |
| February 8, 2018 | S | Motion to Read a Third Time and Pass adopted Roll Call 346 |
| February 8, 2018 | S | Third Reading Passed |
| February 8, 2018 | S | Brewbaker motion to Carry Over to the Call of the Chair adopted Voice Vote |
| February 8, 2018 | S | Third Reading Carried Over to Call of the Chair |
| February 1, 2018 | S | Read for the second time and placed on the calendar |
| January 16, 2018 | S | Read for the first time and referred to the Senate committee on Education and Youth Affairs |
Bill Calendar
| Type | Date | Location | Description |
|---|---|---|---|
| Hearing | March 7, 2018 | Room 429 at 09:00 | House FS Hearing |
| Hearing | February 28, 2018 | Room 429 at 00:00 | House FS Hearing |
| Hearing | February 28, 2018 | Room 429 at 09:00 | House FS Hearing |
| Hearing | February 21, 2018 | Room 429 at 09:00 | House FS Public Hearing |
| Hearing | January 31, 2018 | **BILL ADDED** ROOM 727 at 08:30 | Senate ED Public Hearing |
| Hearing | January 31, 2018 | **BILL REMOVED** ROOM 727 at 08:30 | Senate ED Public Hearing |
| Hearing | January 31, 2018 | ROOM 727 at 08:30 | Senate ED Hearing |
| Hearing | February 22, 2017 | RM316 **ADD BILLS ONTO THE AGENDA** at 14:30 | Senate AC&F Hearing |
Bill Text
Bill Votes
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB189 Alabama 2018 Session - Introduced |