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SB189 Alabama 2018 Session

Updated Apr 26, 2021
SB189 Alabama 2018 Session
Senate Bill
In Second Chamber
Current Status
Regular Session 2018
Session
1
Sponsor

Summary

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

H

Pending third reading on day 19 Favorable from Financial Services

H

Read for the second time and placed on the calendar

H

Read for the first time and referred to the House of Representatives committee on Financial Services

S

Motion to Read a Third Time and Pass adopted Roll Call 346

S

Third Reading Passed

S

Brewbaker motion to Carry Over to the Call of the Chair adopted Voice Vote

S

Third Reading Carried Over to Call of the Chair

S

Read for the second time and placed on the calendar

S

Read for the first time and referred to the Senate committee on Education and Youth Affairs

Bill Text

Votes

Motion to Read a Third Time and Pass

February 8, 2018 Senate Passed
Yes 26
Absent 8

Documents

Source: Alabama Legislature