Wallace-Folsom Savings Investment Plan Act, ACES Program, name of and name of Admin Fund and savings accounts changed to AL Comprehensive Education Savings Program, definitions clarified, Secs. 16-33C-3, 16-33C-10 am'd.
Description
This bill would revise the names of the ACES Program, Administrative Fund, and savings accounts within the State Treasurer's office, as provided by the Wallace-Folsom Savings Investment Plan Act, from the Alabama College Education Savings to the Alabama Comprehensive Education Savings Program, Administrative Fund, and savings accounts, and would clarify that certain terms should be defined as provided in federal law
To amend Sections 16-33C-3 and 16-33C-10, Code of Alabama 1975, relating to the Wallace-Folsom Savings Investment Plan Act; to revise the names of the ACES Program, Administrative Fund, and savings accounts from the Alabama College Education Savings to the Alabama Comprehensive Education Savings Program, Administrative Fund, and savings
accounts; and to clarify the meanings of certain terms pursuant to federal law.
Subjects
Alabama College Edcuation Savings Program
Bill Actions
Action Date
Chamber
Action
March 5, 2020
S
Read for the first time and referred to the Senate committee on Banking and Insurance
March 3, 2020
H
Motion to Read a Third Time and Pass adopted Roll Call 177
March 3, 2020
H
Third Reading Passed
February 20, 2020
H
Read for the second time and placed on the calendar
February 6, 2020
H
Read for the first time and referred to the House of Representatives committee on Financial Services