SB189 Alabama 2018 Session
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Bill Summary
Sponsors
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
<p class="bill_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</p><p class="bill_description">
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</p><p class="bill_description">
This bill would also conform the applicable
code sections to the recent amendments to Section
529 of the Internal Revenue Service Code</p><p class="bill_entitled_an_act"> 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.
</p>
Subjects
Education
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 |