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  1. Bama Politics
  2. Alabama
  3. Alabama House & Senate Bills
  4. 2020 Alabama Legislative Regular Session
  5. 2020 Alabama House Bills
  6. HB149 Alabama 2020 Session

HB149 Alabama 2020 Session

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Bill Summary

Sponsors
  • Andy Whitt
Session
Regular Session 2020
Title
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 DateChamberAction
March 5, 2020SRead for the first time and referred to the Senate committee on Banking and Insurance
March 3, 2020HMotion to Read a Third Time and Pass adopted Roll Call 177
March 3, 2020HThird Reading Passed
February 20, 2020HRead for the second time and placed on the calendar
February 6, 2020HRead for the first time and referred to the House of Representatives committee on Financial Services

Bill Calendar

TypeDateLocationDescription
HearingFebruary 19, 2020Room 617 at 09:00House FS Hearing
HearingFebruary 12, 2020 at 00:00House FS Hearing
HearingFebruary 12, 2020Room 617 at 09:00House FS Hearing

Bill Text

Download HB149 Alabama 2020 Session PDF

Bill Votes

Motion to Read a Third Time and Pass
2020-03-03
Chamber: House
Result: Passed

Bill Documents

TypeLink
Bill Text HB149 Alabama 2020 Session - Introduced
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