SB 189

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1 Bill Summary
2 Bill Actions
3 Bill Calendar
4 Bill Text
5 Bill Votes
6 Bill Documents

Bill Summary

Sponsors

Dick Brewbaker

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

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.

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

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