SB231 Alabama 2020 Session
Bill Summary
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.
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| February 25, 2020 | S | Read for the first time and referred to the Senate committee on Finance and Taxation Education |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB231 Alabama 2020 Session - Introduced |